Lean Hogs Market Commentary

Lean Hog futures are down triple digits in the front months on Thursday. The CME Lean Hog Index was up 2 cents from the previous day @ $56.40 on December 4. The USDA pork carcass cutout value was up 11 cents on Thursday morning at $71.59. The national base cash hog carcass value was down 33 cents this morning at an average weighted price of $47.88. USDA’s FI hog slaughter was estimated at 477,000 head for Wednesday, bringing the WTD total to 1.422 million head. That was up 30,000 head from last week and 31,000 head larger than the same week last year.

Dec 18 Hogs are at $54.850, down $1.000,

Feb 19 Hogs are at $66.425, down $1.325

Apr 19 Hogs are at $71.025, down $1.100

--provided by Brugler Marketing & Management




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