Hogs have come off their early session losses with 22 to 55 cent gains through midday. The June contract is leading the Friday rally with a $2.25 gain. The National Average Base Hog price was $2.02 higher on Friday morning to $112.25. CME’s Lean Hog Index for 5/18 was $100.37, up by 29 cents.
Pork cutout futures are trading 37 cents to $1.42 higher in the active contracts, while the deferred months are UNCH through midday. USDA’s National Pork Carcass Cutout value was $5.18 higher in the AM report, led by a $15.97 bounce in the hams, to $108.64 and $100.26 cwt. respectively. FI hog slaughter for Thursday was estimated as 473,000 head, bringing the WTD total to 1.899 million head. That is up 10,000 head wk/wk and 2,000 head above the same week last year.
Jun 22 Hogs are at $107.550, up $2.250,
Jul 22 Hogs are at $107.450, up $0.425
Jun 22 Pork Cutout is at $112.850, up $1.425,
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