Lean hog futures pulled back Monday afternoon but were still up from a nickel to $1.20 in the front months. April was at one point up by $2.45 on Monday. USDA’s National Average Base hog price for Monday afternoon was down by $9.35 to $74.52. The WCB base price was $87.10, though the ECB quote was withheld for confidentiality. The CME Lean Hog Index from 2/3 was another $0.97 higher to $84.30.
Pork cutout futures ended the day $0.47 to $1.22 higher in the front months. USDA’s National Pork Carcass Cutout Value for Monday afternoon was $0.78 higher to $98.19. USDA estimates FI hog slaughter at 481,000 head Monday. That is up 6k from last week, but down by 7k from the same week last year.
Feb 22 Hogs closed at $87.700, up $0.675,
Apr 22 Hogs closed at $101.275, up $1.200
Feb 22 Pork Cutout closed at $97.900, up $1.100,
/A%20concept%20image%20of%20a%20flying%20car_%20Image%20by%20Phonlamai%20Photo%20via%20Shutterstock_.jpg)
/A%20concept%20image%20of%20space_%20Image%20by%20Canities%20via%20Shutterstock_.jpg)
/Oracle%20Corp_%20office%20logo-by%20Mesut%20Dogan%20via%20iStock.jpg)
