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.
Feb 19 Hogs closed at $55.175, up $0.125, |
Apr 19 Hogs closed at $59.075, up $0.650 |
May 19 Hogs closed at $67.400, up $1.000 |
--provided by Brugler Marketing & Management
