Lean Hog futures were steady to $1.15 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 23 cents on Tuesday afternoon at $70.88. A higher belly and loin primal led the way. The national base cash hog carcass value was down 85 cents this afternoon at an average weighted price of $48.68. USDA’s FI hog slaughter was estimated at 478,000 head for Tuesday, with Monday’s revised down to 467,000 head, bringing the WTD total to 945,000 head. That was up 30,000 head from last week and 13,000 head larger than the same week last year.
Dec 18 Hogs closed at $56.875, down $1.150,
Feb 19 Hogs closed at $66.050, down $0.850
Apr 19 Hogs closed at $70.750, down $0.475
--provided by Brugler Marketing & Management