Lean Hog futures closed the Friday session with most contracts another 22.5 cents to $1.175 lower. The CME Lean Hog Index was down 27 cents from the previous day @ $56.89 on February 6. The USDA pork carcass cutout value was down 29 cents on Friday afternoon at an average weighted price of $64.82. The national base cash hog carcass value was down 13 cents, with a weighted average of $49.43. USDA estimated FI hog slaughter for the week at 2.516 million head including Saturday. That is well above the previous week and the same week last year. The 2018 US full year pork production number was increased by 10 million lbs to 26.32 billion in the Friday WASDE report.
--provided by Brugler Marketing & Management