Piglets Sleeping Next to Each Other
Lean hog futures are trading $1.60 to $3 in the black led by Feb and April. USDA’s National Average Morning Base hog price for Friday was $3.21 stronger to $62.07. The CME Lean Hog Index from 1/12 was 46 cents weaker at $74.60.
Pork cutout futures are also up triple digits. USDA’s National Pork Carcass Cutout Value was back down by $4.13 to $91.15 cwt. Federally inspected hog slaughter was estimated at 1.790m head for the week through Thursday. That is 63k head below last year and 186k head below the same week last year.
Feb 22 Hogs are at $79.875, up $2.025,
Apr 22 Hogs are at $87.225, up $1.900
Feb 22 Pork Cutout is at $93.725, up $3.200,
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