April lean hogs rolled off the board at $71.87. The CME Lean Hog Index was $71.63, down by 32 cents for 4/13. The other front months closed $0.55 to $1.30 higher on the day. The National Average Base Hog price was 33 cents lower on Monday at $68.63.
Pork cutout futures were $0.20 to $1.27 higher at the close on Monday. USDA’s national Pork Carcass Cutout value was 64 cents weaker in the Monday PM quote, at $77.61. Bellies were up by $8.95 to $84.11. The CME Fresh Bacon Index was $103.02 for the week that ended 4/14. USDA estimated Monday’s FI hog slaughter at 462,000 head. That compares to 345k head last week and 356k during the same week last year – both of which were impacted by Easter.
May 23 Hogs closed at $81.000, up $0.550,
Jun 23 Hogs closed at $88.175, up $1.300,
May 23 Pork Cutout closed at $86.375, up $0.200,
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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