Front month lean hog futures are trading $0.47 to $1 in the black so far. The Feb contract is 20c off the day session’s high. USDA’s National Average Base Hog price was withheld for confidentiality. The Friday afternoon quote was $44.56. The CME Lean Hog Index increased by another 67 cents to $65.86 for 1/3.
Pork cutout futures are trading $0.12 to $1.17 higher so far. The National Pork Carcass Cutout Value was $1.04 stronger on Monday morning to $85.24. USDA reported the week’s pork production at 514.2 million lbs. a 0.3% lag from last year’s start. The first week’s hog slaughter was estimated at 2.381m head, a 1.5% larger kill yr/yr.
Feb 24 Hogs are at $70.525, up $0.525,
April 24 Hogs are at $77.300, up $0.925
Feb 24 Pork Cutout is at $83.100, up $0.200,
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