Lean Hogs Market News and Commentary

Lean Hog futures are showing continued buying interest on Friday up 10 cents to $1.55 at midday. The CME Lean Hog Index was up $1.53 from the previous day @ $60.75 on March 20. The USDA pork carcass cutout value was up $1.02 on Friday morning at an average weighted price of $77.27. The national base hog carcass value was up $1.01 in the AM report at an average weighted price of $65.16. USDA estimated WTD FI hog slaughter at 1.887 million head, up 36,000 from the previous week and 41,000 above last year. Export sales of pork for the week that ended on March 15 totaled a healthy 29,302 MT.

Apr 19 Hogs are at $78.625, up $0.300,

May 19 Hogs are at $87.500, up $0.900

Jun 19 Hogs are at $95.800, up $1.050

--provided by Brugler Marketing & Management




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