May and June hog futures are trading higher so far on Monday with 45c and 20c gains respectively. The rest of the market is 35 to 55 cents in the red. The USDA National Average Base Hog price was withheld for confidentiality on Monday morning, the quote was $70.89 on Friday afternoon. The CME Lean Hog Index was $74.53 on 5/4, up by 29 cents. Â
Pork cutout futures are also lower past the May contract. May itself is up by $1.20 for midday, though the other nearbys are down as much as $3.37. USDA’s National Pork Carcass Cutout Value for Monday morning was $83.57, up by $1.70. USDA estimated FI hog slaughter at 2.447m head for the week through Saturday. That is up 60k head for the week on a large Saturday kill.Â
May 23 Hogs  are at $75.975, up $0.450,
Jun 23 Hogs  are at $83.975, up $0.200
May 23 Pork Cutout  is at $82.400, up $1.200,
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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