Lean Hogs Market News and Commentary

Lean Hog futures are posting marginal 15 to 55 cent gains on Tuesday. The CME Lean Hog Index was up another 52 cents from the previous day @ $81.54 on April 19. The USDA pork carcass cutout value was $1.30 higher in the Tuesday morning report, at $89.16. The butt and ham primals were reported lower. The national average base hog was $79.60, down 61 cents. Estimated FI hog slaughter for Monday was 324,000 head, as some plants experienced down time. Frozen pork stocks at the end of March were reported by USDA at 610.129 million pounds. That is slightly lower than the same month last year and a drop of 0.9% from February.

May 19 Hogs closed at $89.175, up $0.150,

Jun 19 Hogs closed at $94.150, up $0.375

Jul 19 Hogs closed at $98.525, up $0.550

--provided by Brugler Marketing & Management

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