Lean Hogs Market News and Commentary

Lean Hog futures are showing triple digit gains in most contracts, with nearby April up 37.5 cents ahead of Friday’s Expiration. The CME Lean Hog Index was up another 21 cents from the previous day @ $78.89 on April 8. The USDA pork carcass cutout value was $2.34 higher at $85.45 per cwt in the morning report the rib and loin were both lower, with the Belly up a sharp $15.09. The national base hog carcass value was up 29 cents in the morning report, at an average weighted price of $75.50. Estimated FI hog slaughter was 950,000 head through Tuesday, down 2,000 from the previous week but 48,000 above last year. ASF has now spread to South Africa, according to the country’s ag ministry. The National Pork Producers Council has cancelled their World Pork Expo held in Des Moines in June, heading on the side of caution to try and limit the entry of ASF to the US.

Apr 19 Hogs are at $78.900, up $0.375,

May 19 Hogs are at $87.625, up $1.175

Jun 19 Hogs are at $96.950, up $1.800

--provided by Brugler Marketing & Management




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