Hog futures were up $0.92 to $1.85 on Tuesday. For April, that kept price under the $107.7 high from Thursday and stayed $3.85 under May. The CME Lean Hog Index from 2/11 was $1.59 stronger at $90.51. USDA’s National Average Base hog price was $2.90 stronger to $86.41 in the afternoon update.
Pork cutout futures were $0.22 to $0.90 higher at the close on Tuesday. USDA’s National Pork Carcass Cutout Value for Tuesday afternoon was $1.26 weaker to $106.72 cwt. USDA estimates FI hog slaughter at 478k head for Tuesday. At 948k head, the week-to-date kill is 5k head below last week’s pace and 134k head below the same week last year.
Apr 22 Hogs closed at $104.150, up $1.825,
May 22 Hogs closed at $108.000, up $1.500
Apr 22 Pork Cutout closed at $111.100, up $0.900,
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