Lean hog futures ended Friday 12 to 70 cents higher, reducing the loss for the week. From Friday to Friday, April hogs were still a net $1.47 in the red. USDA’s National Average Base Hog price was 66 cents lower to $78.04. The CME Lean Hog Index for 3/1 was $78.65, up by 7 cents.
Pork cutout futures settled up by 7 to 72 cents on Friday. USDA’s National Pork Carcass Cutout value was 16 cents lower in the PM report to $85.57. Picnics were up by $4.18, but most of the other primals were ~$1 lower. USDA estimated FI hog slaughter at 2.520m head for the week through Saturday. That is up by 145k head last week and by 101k head from the same week last year. The YTD slaughter pace is 1.5% ahead of last year.
Apr 23 Hogs closed at $84.550, up $0.700,
May 23 Hogs closed at $93.450, up $0.575
Apr 23 Pork Cutout closed at $91.150, down $0.325,
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.
