Lean Hogs

Lean hog futures finished Monday with most contracts steady to $1.40 higher. The CME Lean Hog Index for 11/16 was down 55 cents to $65.42. The national base hog average price was 50 cents lower at $56.46 this afternoon. The USDA pork carcass cutout value was $1.31 higher at $82.27 in the Monday afternoon report. The picnic was the only cut that was reported lower, down $2. The weekly USDA AMS hog slaughter report showed 465,000 on Monday. That is up 1,000 from the previous week and 11,000 more than the same week in 2016.

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