Lean hog futures were $0.60 to $1.15 higher across the front months on Monday’s close. The March contract was 17 cents off the high for the close. USDA’s National Average Base Hog price was 34 cents stronger to $44.90. The CME Lean Hog Index dropped by a penny to $65.85 for 1/4.
Pork cutout futures closed 65 cents in the black yesterday. The National Pork Carcass Cutout Value for Monday was 82 cents higher to $85.02, with mixed primals. USDA reported last week’s pork production was 514.2 million lbs. a 0.3% lag from last year’s start. Federally inspected hog slaughter was shown at 489k head for Monday, matching the Monday last year.
Feb 24 Hogs closed at $70.600, up $0.600,
Apr 24 Hogs closed at $77.525, up $1.150
Feb 24 Pork Cutout closed at $83.550, up $0.650,
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