Lean Hogs Market Commentary

Lean Hog futures are up a dime to $1.225 on Wednesday’s midday. The CME Lean Hog Index was down 8 cents from the previous day @ $64.00 on November 5. The USDA pork carcass cutout value was down 25 cents @ $73.83 in the Wednesday morning report. The national base hog carcass value was not reported due to confidentiality reasons with the 5-day rolling average at $57.05. FI hog slaughter was estimated 477,000 head by the USDA on Tuesday, bringing the weekly total to 953,000 head. That is up 22,000 from the previous week and 34,000 higher than the same week in 2017.

Dec 18 Hogs are at $55.325, up $1.225,

Feb 19 Hogs are at $61.500, up $0.100

Apr 19 Hogs are at $67.525, up $0.225

--provided by Brugler Marketing & Management




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