The lean hog futures market followed Friday’s bounce with some triple digit gains to start the week. Futures were $0.45 to $1.30 higher at the close on Monday. The National Average Base Hog price was 9 cents lower on Monday to $65.93. The CME Lean Hog Index was 10c weaker on 4/20 at $71.31.
A Tyson pork facility in Madison NE, with an 8k head/day harvest rate, caught fire over the weekend. The facility was closed on Monday and will be closed for an undefined time frame – with the local fire marshal expecting at least through the end of the week.
Pork cutout futures settled $1.32 to $2.50 higher across the front months on Monday. USDA’s National Pork Carcass Cutout value was $1.75 weaker to $78.68 on Monday afternoon. CME’s Fresh Bacon Index was $105.30 for the week that ended 4/21. That was up by $2.28 from the week prior. USDA estimated Monday’s FI hog slaughter at 469k head. That is 7k more from last week and is up 9k from the same Monday last year.
May 23 Hogs closed at $77.700, up $0.675,
Jun 23 Hogs closed at $87.350, up $1.275
May 23 Pork Cutout closed at $84.450, up $1.325,
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.
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