Lean Hogs Market News and Commentary

Lean Hog futures posted 52.5 cent to $2.65 gains in most 2019 contracts on Wednesday, 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 83 cents higher at $83.94 per cwt in the afternoon report. The rib and loin primals were both reported lower. The national base hog carcass value was up 47 cents in the afternoon report, at an average weighted price of $75.68. Estimated FI hog slaughter was 1.426 million head through Wednesday, down 3,000 from the previous week but 62,000 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 this June, heeding on the side of caution to try and limit the entry of ASF into the US.

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

May 19 Hogs closed at $86.975, up $0.525

Jun 19 Hogs closed at $96.450, up $1.300

--provided by Brugler Marketing & Management




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