Front month lean hog futures are trading with midday gains of $0.37 to $1 so far. The National Average Base Hog price was $66.05 in the AM report, with no comparison to Friday morning. The Friday PM quote was 90 cents weaker to $66.02. The CME Lean Hog Index was 10c weaker on 4/20 at $71.31.Â
Pork cutout futures are also up by triple digits through midday with $0.55 to $2.77 gains. USDA’s national Pork Carcass Cutout value for Friday was $80.43, up by $2.28. USDA estimates the week’s FI hog slaughter at 2.459m head through Saturday. That set the year’s running pace at 39.776m head, or 1.7% ahead of last year’s pace.Â
May 23 Hogs  are at $77.600, up $0.575,
Jun 23 Hogs  are at $87.325, up $1.250
May 23 Pork Cutout  is at $83.675, up $0.550,
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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