Lean Hogs Market Commentary

Lean Hog futures were mixed on Wednesday, with Dec down 30 cents. The CME Lean Hog Index was down another 67 cents from the previous day @ $61.20 on November 12. The USDA pork carcass cutout value was down $1.67 on Wednesday afternoon at $69.02. The butt was the only primal cut reported higher. The national base cash hog value was down 18 cents this afternoon with a weighted average of $51.37. FI hog slaughter was estimated @ 478,000 head on Wednesday, with the weekly total at 1.397 million head. That was 28,000 fewer than a week prior and down 1,000 from the same week in 2017.

Dec 18 Hogs closed at $57.000, down $0.300,

Feb 19 Hogs closed at $62.350, up $0.175

Apr 19 Hogs closed at $67.750, up $0.025

--provided by Brugler Marketing & Management

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