Lean Hogs Market News and Commentary

Lean Hog futures posted $2.025 to $2.70 gains in most contracts on Thursday. The CME Lean Hog Index was up 74 cents from the previous day @ $53.12 on March 12. The USDA pork carcass cutout value was up 95 cents on Thursday afternoon at an average weighted price of $68.80. The national base hog carcass value was up $1.08 in the PM report at an average weighted price of $51.52. USDA estimated the weekly FI hog slaughter was at 1.864 million head through Thursday, down 25,000 from last week but 16,000 head above last year. USDA reported 50,288 MT in all pork export sales (largest single week since 2016) during the week of 3/7, with 23,846 MT sold to China, and 8,900 MT purchased by Mexico.

--provided by Brugler Marketing & Management




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