So far through Monday, the lean hog futures complex has the board $1.60 weaker in April and $2.40 to $4.10 weaker in the other nearbys. The National Average Morning Base Hog price for Monday was withheld for confidentiality, on Friday afternoon, it was $100.87. CME’s 3/31 Lean Hog Index was $102.63, down by 50 cents.
Front month pork cutout futures are down $0.65 to $3.80 at midday. USDA’s National Pork Carcass Cutout Value for Monday morning was $8.23 higher to $111.83. Bellies were $34.15 higher in the AM report to $207.33 cwt. USDA estimated FI hog slaughter as 2.442 million head for the week through Saturday.
Apr 22 Hogs are at $99.800, down $1.500,
May 22 Hogs are at $110.025, down $3.150
Apr 22 Pork Cutout is at $107.025, down $0.650,
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