Hogs Rallying another Triple Digits

Front month lean hog futures are trading with triple digit gains of $1.25 to $2.60. LUSDA’s National Average Base hog price for Monday morning was $12.61 weaker to $71.83. The WCB base price was $87.52, though the ECB quote was withheld for confidentiality. The CME Lean Hog Index from 2/2 was another $0.04 higher to $83.33.    

Pork cutout futures are also triple digits stronger with gains of at least $1.25. USDA’s National Pork Carcass Cutout Value for Monday morning was $4.06 higher to $101.47. USDA estimates FI hog slaughter at 2.436m head for the week through Saturday and 12.317m head for the year. That compares to 2.673 million and 13.851m last year respectively. 

Feb 22 Hogs  are at $88.075, up $1.050,

Apr 22 Hogs  are at $102.425, up $2.350

Feb 22 Pork Cutout  is at $96.800, unch,,