Lean Hogs Market News and Commentary

Lean Hog futures posted limit gains in most front months on Wednesday, with Thursday having expanded limits of $4.50. The CME Lean Hog Index was up $1.00 from the previous day @ $57.54 on March 18. Futures have been anticipating the rally in cash for several weeks now. The USDA pork carcass cutout value was down 9 cents on Wednesday afternoon at an average weighted price of $74.05. The national base hog carcass value was up $2.79 in the PM report at an average weighted price of $60.38. USDA estimated WTD FI hog slaughter at 1.409 million head, up 5,000 from the previous week and 25,000 above last year.

Apr 19 Hogs closed at $73.825, up $3.000,

May 19 Hogs closed at $82.150, up $3.000

Jun 19 Hogs closed at $90.250, up $3.000

--provided by Brugler Marketing & Management




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