Piglets Sleeping Next to Each Other
Front month lean hog futures are up $2.15 to $2.90 on Friday. The National Average Base Hog price for Thursday was $101.27 after a $3.67 drop. CME’s Lean Hog Index for 5/11 was 22 cents lower to $101.04.
Pork cutout futures are unch at midday. USDA’s National Pork Carcass Cutout Value was another 39 cents weaker in the AM update to $98.21. The Ham and Loin primals were the main reason behind that. FI hog slaughter for the week through Thursday is estimated as 1.894m head. That is down 28k head wk/wk and down 17k head from the same week last year.
May 22 Hogs are at $100.050, down $0.050,
Jun 22 Hogs are at $99.725, up $2.250
May 22 Pork Cutout is at $100.275, unch,,
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