Front month lean hog futures were $0.27 to $1.27 higher on the day. That left the Feb contract at a net weekly gain of $1.87. USDA’s National Average Base Hog price was 41 cents stronger on Tuesday afternoon to $45.31. The CME Lean Hog Index was $65.74 on 1/5, down by 11 cents.
The National Pork Carcass Cutout Value for Tuesday was 49 cents weaker on Tuesday to $84.53. USDA reported Tuesday’s FI hog slaughter at 395k head for a weekly total of 863k head. That compares to 952k head during the same week last year.
Feb 24 Hogs closed at $71.875, up $1.275,
Apr 24 Hogs closed at $78.500, up $0.975
Feb 24 Pork Cutout closed at $85.750, up $2.200,
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