Lean Hog futures were 50 cents to $1.325 lower 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 42 cents on Thursday afternoon at $72.12. The national base cash hog carcass value was down 3 cents this afternoon at an average weighted price of $47.52. USDA’s FI hog slaughter was estimated at 471,000 head for Thursday, bringing the WTD total to 1.893 million head. That was up 27,000 head from last week and 37,000 head larger than the same week last year.
Dec 18 Hogs closed at $54.525, down $1.325,
Feb 19 Hogs closed at $66.900, down $0.850
Apr 19 Hogs closed at $71.275, down $0.850
--provided by Brugler Marketing & Management