Lean Hogs Market News and Commentary

Lean Hog futures were mixed on Tuesday, with nearby contracts 12.5 to 30 cents higher and back months slightly lower. The CME Lean Hog Index was up 52 cents from the previous day @ $57.21 on January 11. The USDA pork carcass cutout value was down 86 cents on Tuesday afternoon at an average weighted price of $70.33. The belly was the only primal lower on the day, down $12.59. The national base cash hog carcass value was 29 cents lower in the PM report, with a weighted average of $51.46. FI hog slaughter WTD was estimated at 943,000 head through Tuesday, which is down 11,000 head from last week but 105,000 larger than the same week last year. China’s Ag Ministry reported on Tuesday that the country has culled 916,000 head of hogs due to the African Swine Fever (ASF), which is just a fraction of their more than 400 million hog herd. There are very few provinces remaining where the disease has not been confirmed.

Feb 19 Hogs closed at $62.150, up $0.300,

Apr 19 Hogs closed at $66.950, up $0.125

May 19 Hogs closed at $71.975, down $0.200

--provided by Brugler Marketing & Management




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