Pig Resting in Pen Hay
Triple digit gains in front month lean hog futures have the board setting new highs for the move through Tuesday’s midday. USDA’s National Average Base hog price for Tuesday morning was back up by $4.75 to $76.58. The CME Lean Hog Index from 2/4 was $85.87, up by another $1.57.
Pork cutout futures are also triple digits stronger so far, led by a $1.65 gain in Feb. USDA’s National Pork Carcass Cutout Value for Tuesday morning was up by $1.81 to $100 flat. 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 are at $90.175, up $2.475,
Apr 22 Hogs are at $103.425, up $2.150
Feb 22 Pork Cutout is at $99.300, up $1.450,
/Tesla%20charging%20station%20black%20background%20by%20Blomst%20via%20Pixabay.jpg)
/Apple%20watch%20on%20wrist%20by%20fancycrave1%20via%20Pixabay.jpg)