Lean Hogs Market Commentary

Lean Hog futures are mostly 10 to 87.5 cents lower on Tuesday. The CME Lean Hog Index was down 6 cents from the previous day @ $56.36 on November 30. The USDA pork carcass cutout value was up 19 cents on Tuesday morning at $70.84. A higher belly and loin primal led the way. The national base cash hog carcass value was down 59 cents this morning at an average weighted price of $48.94. USDA revised Saturday’s FI hog slaughter down 17,000 head bringing the weekly total to 2.531 million head. For Monday, they estimated 476,000 head for FI slaughter, up 30,000 head from last week and up 9,000 from a year ago.

Dec 18 Hogs are at $57.150, down $0.875,

Feb 19 Hogs are at $66.125, down $0.775

Apr 19 Hogs are at $70.825, down $0.400

--provided by Brugler Marketing & Management

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