With the May contract out of the way, lean hog futures rallied 1.9% to 2.5% on Monday making no effort to fill the expiration gap. The CME Lean Hog Index was $75.91, up 51 cents on 5/11. The USDA National Average Base Hog price was withheld for confidentiality on Monday afternoon. The Friday quote was $74.36, down by $2.59.Â
Pork cutout futures ended the session up by $1.15 to $2.62. USDA’s National Pork Carcass Cutout Value was $84.38 on Monday afternoon, up by 97 cents. The CME Fresh Bacon Index was $105.94 on 5/12, down by $1.58. USDA estimated Monday’s FI hog slaughter at 469k head, up 1,000 from last week and 2,000 from the same week last year.Â
Jun 23 Hogs  closed at $86.150, up $2.050,
Jul 23 Hogs  closed at $87.500, up $2.175
Jun 23 Pork Cutout  closed at $90.150, up $2.000,
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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