Lean Hogs Market News and Commentary

Lean Hog futures closed the Friday session with most contracts 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 in the PM report, with a weighted average of $49.43 USDA estimated FI hog slaughter for the week at 2.516 million head through Saturday. That is well above the previous week and the same week last year. The 2018 US pork production number was increased by just 10 million lbs to 26.32 billion by the USDA this morning

Feb 19 Hogs closed at $55.050, down $0.225,

Apr 19 Hogs closed at $58.425, down $1.175

May 19 Hogs closed at $66.400, down $0.950

--provided by Brugler Marketing & Management

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