Lean Hogs

Lean hog futures were mostly lower on Tuesday, with nearby Feb 27.5 cents higher ahead of Wednesday’s expiration. The CME Lean Hog Index on February 9 was $74.72, down 66 cents from the previous day. The USDA pork carcass cutout value was 79 cents higher at $77.50 in the Tuesday PM report. The national base hog weighted average price was down $1.15 at $67.76 this afternoon. The USDA estimated FI hog slaughter at 924,000 through Tuesday. That is down 3,000 head from the previous week but 52,000 head more than the same time last year.

Feb 18 Hogs closed at $73.350, up $0.275,

Apr 18 Hogs closed at $69.425, down $1.100

May 18 Hogs closed at $75.125, down $0.925




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