Lean Hogs

Lean hog futures posted 60 cent to $1.30 gains on Wednesday. The CME Lean Hog Index on February 12 was $74.30, down 42 cents from the previous day. The USDA pork carcass cutout value was 2 cents higher at $77.52 in the Wednesday PM report. The loin and ham were the only cuts reported lower. The national base hog weighted average price was down 88 cents at $66.85 Wednesday afternoon. The USDA estimated week to date FI hog slaughter at 1,388,000 through Wednesday. That is down 5,000 head from the previous week but 87,000 head more than the same time last year.

Feb 18 Hogs closed at $73.500, up $0.150,

Apr 18 Hogs closed at $70.650, up $1.225

May 18 Hogs closed at $76.425, up $1.300




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