Front month lean hog futures are mixed but mostly higher through the midday portion of the midweek trading day. Gains are capped at 82 cents so far, with losses in May and October of a nickel and 40 cents respectively. The National Average Base Hog price for Wednesday morning was $102.27, with no comparison to yesterday. The CME Lean Hog Index was faltered 36 cents on 3/14 to $100.49.Â
China is set to buy domestic pork for state reserves, which would be the third purchase, citing weak domestic prices.
Pork cutout futures are gaining through midday on light OI and volume, with 50 cent gains in April and 72 cent gains for June. USDA’s National Pork Carcass Cutout Value for Wednesday morning was $4.05 higher at $108.53. USDA estimated Tuesday’s federally inspected hog slaughter at 479k head. That has the week’s pace at 945k head after a revised Monday. The same week last year was running 976k head through Tuesday.Â
Apr 22 Hogs  are at $102.550, up $0.150,
May 22 Hogs  are at $111.150, up $0.500
Apr 22 Pork Cutout  is at $108.500, up $0.500,
/Cybersecurity%20by%20AIBooth%20via%20Shutterstock.jpg)
