Lean Hogs Market News and Commentary

Lean Hog futures were mostly 52.5 cents to $1.875 higher on Wednesday, with nearby April down 17.5 cents. The CME Lean Hog Index was up 40 cents from the previous day @ $52.38 on March 11. The USDA pork carcass cutout value was up 23 cents on Wednesday afternoon at an average weighted price of $67.85. The national base hog carcass value was up 89 cents in the PM report at an average weighted price of $50.44. USDA estimated the weekly FI hog slaughter was at 1.42 million head through Wednesday, even with last week and 32,000 head above last year.

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