The front month lean hog futures market ended the day with 2 to 50 cent losses going into the President’s Day weekend. That limited the week’s gains as April contracts were still up nearly $2 compared to last Friday. USDA’s National Average Afternoon Base Hog price was 33 cents weaker to $76.49. The CME Lean Hog Index for 2/15 was $75.85 after a 23 cent increase.
Pork cutout futures closed with 40 to 60 cent losses on the day. USDA’s National Pork Carcass Cutout value was 97 cents weaker to $82.09 on Friday afternoon. USDA estimated FI hog slaughter at 2.505m head for the week through Saturday. That is up 19k head from last week and is 23k head more than the same week last year.
Apr 23 Hogs closed at $85.275, down $0.500,
May 23 Hogs closed at $94.400, down $0.450
Apr 23 Pork Cutout closed at $91.800, down $0.600,
On the date of publication, Alan Brugler did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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