Triple Digit Bounce for Hogs

Lean hog futures are trading with $0.07 to $0.32 gains in the deferred months, to $3.85 higher for nearby July. USDA’s National Average Base Hog price was up by another $3.80 to $112.89. CME’s 5/26 Lean Hog Index was another 53 cents higher to $104.93. 

Pork cutout futures are also trading higher with gains from $0.12 to $2.35 so far. CME’s Fresh Bacon Index was up $15.40 to $210.52 as of 5/27. USDA’s National Pork Carcass Cutout value for Wednesday’s AM report was $1.66 higher to $109.37. USDA estimated the FI hog slaughter at 2k head for Memorial Day and 480k head for Tuesday. That compares to 400k head during the same two days last year. 

Jun 22 Hogs  are at $109.525, up $1.550,

Jul 22 Hogs  are at $112.150, up $4.150

Jun 22 Pork Cutout  is at $113.175, up $1.075,