Lean Hogs Market News and Commentary

Lean Hog futures saw limit losses as far out as August, with deferred contracts sharply lower on Tuesday. The CME Lean Hog Index was down 28 cents from the previous day @ $55.74 on February 15. The USDA pork carcass cutout value was down $1.67 on Tuesday afternoon at an average weighted price of $59.91. The national base cash hog carcass value was down 2 cents in the PM report, with a weighted average of $48.23. USDA estimated weekly FI hog slaughter at 957,000 head through Tuesday. That was up 60,000 head from the previous week and 82,000 above the same week last year. There was a recent confirmation of ASF in on 3 farms in Vietnam, along with another case in China.

Apr 19 Hogs closed at $56.525, down $3.000,

May 19 Hogs closed at $65.450, down $3.000

Jun 19 Hogs closed at $73.725, down $3.000

--provided by Brugler Marketing & Management

Market Commentary provided by:

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