Lean hog are trading 20 to 40 cents lower across most front months, with June up 15 cents currently. USDA’s National Average Base Hog price was down $1.30 in the Thursday morning report at $87.67. The CME Lean Hog Index was another 90 cents higher at $88.78 on April 9.
Export Sales data indicated 47,410 MT of pork sales in the week of April 4, an increase from the week prior. Shipments were a 7-week high at 35,456 MT.
USDA’s National Pork Carcass Cutout Value was back up 86 cents in the Thursday morning print, at $101.11. USDA estimated Wednesday’s federally inspected hog slaughter at 489,000 head, bringing the weekly total to 1.428 million head. That is 90,000 head above last week and a 117,849 head increase from the same week last year.
Apr 24 Hogs are at $91.350, down $0.400,
Jun 24 Hogs are at $105.700, up $0.150
Apr 24 Pork Cutout is at $100.275, down $0.450,
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