Lean Hog futures were up 12.5 cents to $1.45 in most contracts on Monday. The CME Lean Hog Index was down 36 cents from the previous day @ $56.53 on February 7. The USDA pork carcass cutout value was up 64 cents on Monday afternoon at an average weighted price of $65.46. The national base cash hog carcass value was down 50 cents in the PM report, with a weighted average of $48.88. USDA estimated FI hog slaughter for Monday at 444,000 head. That is down 28,000 head from the previous week and 18,000 below the same Monday last year.
--provided by Brugler Marketing & Management