Lean hog futures are trading at levels not seen since mid-November with triple digit gains through Wednesday’s midday. USDA’s National Average Base Hog price for Wednesday morning was $51.35, up by $3.94. The CME Lean Hog Index for 1/18 was listed at $68.06, up by another 19 cents.
USDA’s National Pork Carcass Cutout Value was $2.19 stronger with $90.22. USDA estimated FI hog slaughter was 454k head for a week’s total of 970k head. That compares to 987k head from the same week last year.
Feb 24 Hogs are at $73.750, up $0.450,
April 24 Hogs are at $81.750, up $1.425
Feb 24 Pork Cutout is at $87.000, down $0.400,
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