Pig Resting in Pen Hay
Lean hog futures are up $1.45 to 3.70 at midday. The National Average Base Hog price for Monday morning was $101.31 up 4 cents from the day prior. CME’s Lean Hog Index for 5/12 was 55 cents lower to $100.49.
Pork cutout futures are $3.35 higher on Monday. USDA’s National Pork Carcass Cutout Value was up $1.96 in the morning update to $103.13. The belly was the leader, up $8.65, with all but the ham primal reported higher. FI hog slaughter for the week through Saturday was estimated as 2.375 million head. That is down 39k head wk/wk and 9k head below the same week last year.
Jun 22 Hogs are at $103.800, up $3.050,
Jul 22 Hogs are at $104.975, up $3.775
Jun 22 Pork Cutout is at $109.750, up $3.350,
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