Lean Hogs Market News and Commentary

Lean Hog futures are posting triple digit gains in most contracts on Monday, with front month April up $2.375. The CME Lean Hog Index was down 4 cents from the previous day @ $51.71 on March 7. The USDA pork carcass cutout value was up $2.64 on Monday morning at an average weighted price of $67.68. The belly led the way, up $15.27, with the rib up $6.65. The national base hog carcass value was not reported due to confidentiality reasons, with the 5-day rolling average at $44.91. Last week’s USDA FI hog slaughter was at 2.548 million head, 99,000 head larger wk/wk and 138,000 head above last year.

Apr 19 Hogs are at $62.925, up $2.375,

May 19 Hogs are at $70.700, up $1.775

Jun 19 Hogs are at $79.575, up $1.400

--provided by Brugler Marketing & Management

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