Lean Hogs Market News and Commentary

Lean Hog futures settled the Tuesday session with most contracts 30 to 80 cents lower. 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 $1.20 on Tuesday afternoon at an average weighted price of $67.62. The loin and rib were the only primals reported lower. The national base hog carcass value was up $2.42 on Tuesday afternoon at an average weighted price of $49.61. USDA estimated the weekly FI hog slaughter was at 952,000 head, 9,000 head larger than last week and 29,000 head above last year.

Apr 19 Hogs closed at $63.650, up $0.800,

May 19 Hogs closed at $71.750, up $0.725

Jun 19 Hogs closed at $80.250, up $0.300

--provided by Brugler Marketing & Management

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