Lean Hog futures are currently steady to 75 cents higher at midday after some initial profit taking selling on the open. The CME Lean Hog Index was up 27 cents from the previous day @ $51.98 on March 8. The USDA pork carcass cutout value was up a sharp $2.57 on Tuesday morning at an average weighted price of $68.99. The picnic and rib were the only primals lower, down slightly. The national base hog carcass value was up $1.19 on Tuesday morning at an average weighted price of $48.38. Monday’s USDA estimated FI hog slaughter was at 475,000 head, 10,000 head larger than last Monday and 16,000 head above last year.
Apr 19 Hogs are at $63.600, up $0.750,
May 19 Hogs are at $71.500, up $0.475
Jun 19 Hogs are at $80.075, up $0.125
--provided by Brugler Marketing & Management