New Week for Hog Futures

Lean hogs fell into the weekend as Friday’s triple digit losses left the week red. Front month futures closed down by $0.80 to $2.97 on Friday, for June that ended the week as a $2.27 loss. The National Average Base Hog price for Friday afternoon was $1.59 weaker to $101.98.  CME’s Lean Hog Index for 5/4 was another 8 cents lower to $100.96.

Pork cutout futures also faded on the week’s last trade day, closing the session $1.80 to $2.90 in the red. USDA’s National Pork Carcass Cutout Value for Friday afternoon was down by $1.57 to $104.70. FI hog slaughter for the week through Saturday was estimated as 2.427m head. With that, that was a 38k head increase wk/wk and would be up by 33k head from the same week last year. YTD hog slaughter still trails last year’s pace by 5.4%. 

May 22 Hogs  closed at $102.200, down $0.600,

Jun 22 Hogs  closed at $104.100, down $2.975

Jun 22 Pork Cutout  closed at $110.650, down $2.900,