Lean Hogs

Lean hog futures are steady to $1.30 higher on Monday, as nearby Feb is UNCH ahead of Wednesday’s expiration. The CME Lean Hog Index on February 8 was at $75.38, down 25 cents from the previous day. The USDA pork carcass cutout value was $1.27 higher at $75.71 in the Monday AM report. The loin was the only reported lower, with the belly primal up $6.01. The national base hog weighted average price was down 92 cents at $68.56 this morning. The USDA estimated FI hog slaughter at 2,389,000 through Saturday. That is down 49,000 head from the previous week but 29,000 head more than the same time last year.

Feb 18 Hogs are at $73.175, unch,

Apr 18 Hogs are at $70.150, up $1.300

May 18 Hogs are at $75.600, up $0.825

Market Commentary provided by:

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