Lean Hogs Market Commentary

Lean Hog futures are mostly triple digits higher on Wednesday with nearby Dec down 77.5 cents, as it needs to stick close to cash ahead of next week’s expiration. The CME Lean Hog Index was up 2 cents from the previous day @ $56.38 on December 3. The USDA pork carcass cutout value was up $1.62 on Wednesday morning at $72.50. The national base cash hog carcass value was up 78 cents this morning at an average weighted price of $49.43. 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 are at $56.100, down $0.775,

Feb 19 Hogs are at $67.475, up $1.425

Apr 19 Hogs are at $72.100, up $1.350

--provided by Brugler Marketing & Management

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