Lean Hog futures settled with 42.5 cent to $1.55 losses in the front months on Monday, with a few deferred contracts higher. The CME Lean Hog Index was up another 27 cents from the previous day @ $78.53 on April 4. April futures will expire this Friday. The USDA pork carcass cutout value was $1.45 higher at $83.29 per cwt. The national base hog carcass value was down 38 cents in the afternoon report, at an average weighted price of $75.40. Estimated FI hog slaughter was 475,000 head for Monday, down 1,000 from the previous week but 24,000 above last year.
--provided by Brugler Marketing & Management