Lean Hogs Market News and Commentary

Lean Hog futures are mixed at midday, with nearby Feb up 32.5 cents. The CME Lean Hog Index was up 25 cents from the previous day @ $54.10 on January 8. The USDA pork carcass cutout value was up $2.08 on Thursday morning at average weighted price of $71.75. The belly primal was up $7.13 with the loin $3.28 higher. The national base cash hog carcass value 27 cents lower in the AM report, with a weighted average of $50.89. This week’s FI hog slaughter through Wednesday was estimated at 1.423 million head, which was 54,000 head larger than the same week last year.

Feb 19 Hogs are at $64.100, up $0.325,

Apr 19 Hogs are at $67.975, up $0.425

May 19 Hogs are at $73.950, down $0.250

--provided by Brugler Marketing & Management