Lean Hog futures are steady to 25 cents lower in the nearby contracts, with deferred contracts higher. The CME Lean Hog Index was up 40 cents from the previous day @ $52.38 on March 11. The USDA pork carcass cutout value was up 17 cents on Wednesday morning at an average weighted price of $67.79. The national base hog carcass value was down 36 cents in the AM report at an average weighted price of $49.19. USDA estimated the weekly FI hog slaughter was at 952,000 head on Tuesday, 9,000 head larger than last week and 29,000 head above last year.
Apr 19 Hogs are at $63.650, unch,
May 19 Hogs are at $71.550, down $0.200
Jun 19 Hogs are at $80.200, down $0.050
--provided by Brugler Marketing & Management