Lean Hog Futures Stumble Out of Weekend

Front month lean hog futures fell $0.80 to $1.77 on Monday. The deferred contracts also closed red, though with 2 to 27 cent losses to start the new week of trading. USDA’s National Average Base Hog price for Monday was 11 cents higher at $112.20. The June 2nd CME Lean Hog Index was $1.02 higher at $106.05.  

Pork cutout futures went home with $1.45 to $1.82 losses on the first trade day of the new week. USDA’s National Pork Carcass Cutout value was $108.79 on Monday afternoon, down by 59 cents. CME’s Fresh Bacon Index was up another $1.98 to $212.50 during the week of 6/3. USDA estimated 475k head of hogs were slaughtered on Monday under federal inspection. That is not comparable to Memorial Day’s kill last week, but is 4k head lighter yr/yr. 

Jun 22 Hogs  closed at $109.225, down $0.975,

Jul 22 Hogs  closed at $108.975, down $1.775

Jun 22 Pork Cutout  closed at $112.525, down $1.475,