Following the Friday dynamic, nearby lean hogs closed another 20 to 72 cents lower while the deferred months were up another 30 to 85 cents. The National Average Base Hog price was 76 cents stronger in the PM update to $72.66. The 3/30 CME Lean Hog Index was 31 cents weaker to $75.46. Â
Pork cutout futures ended the day with front month losses of as much as 87 cents. USDA’s Pork Carcass Cutout value was $1.04 higher in the Monday PM report at $78.32. the CME Fresh Bacon Inex was $4.75 lower to $112.31. USDA estimated FI hog slaughter for Monday at 485,000 head. That was 1k below last week and is 7k above the same week last year.Â
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Apr 23 Hogs  closed at $74.525, down $0.725,
May 23 Hogs  closed at $84.375, down $0.250
Apr 23 Pork Cutout  closed at $80.150, down $0.650,
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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