Lean Hog futures are showing triple digit gains in most contracts, with a few contracts touching limit up before profit taking kicked in. The CME Lean Hog Index was up $1.01 from the previous day @ $54.13 on March 13. The USDA pork carcass cutout value was down 75 cents on Friday morning at an average weighted price of $68.05. The national base hog carcass value was up $1.08 in the PM report at an average weighted price of $51.52. USDA estimated the weekly FI hog slaughter was at 1.864 million head through Thursday, down 25,000 from last week but 16,000 head above last year. China’s Ag Ministry data shows the country’s hog herd down 16.6% from a year ago in February, with the sow numbers down 19.1%.
Apr 19 Hogs are at $67.875, up $2.075,
May 19 Hogs are at $77.300, up $2.400
Jun 19 Hogs are at $86.350, up $2.825
--provided by Brugler Marketing & Management