Lean Hogs Market News and Commentary

Lean Hog futures were mixed on Tuesday, with front months 27.5 cents to $1.625 lower and back months higher. The CME Lean Hog Index was up 16 cents from the previous day @ $56.12 on December 7. The USDA pork carcass cutout value was up 68 cents at $73.33. The national base cash hog carcass value was down 58 cents to a weighted average of $46.58. USDA estimated FI hog slaughter for Tuesday is 479,000 head, bringing the WTD total to 958,000. That is 13,000 head larger than last week and 28,000 head above a year ago. USDA projected 2018 US pork production at 26.310 billion lbs, down 10 million from last month, with 2019 UNCH estimated at 27.715 billion lbs.

Dec 18 Hogs closed at $54.450, down $0.275,

Feb 19 Hogs closed at $65.200, down $1.625

Apr 19 Hogs closed at $71.450, down $0.625

--provided by Brugler Marketing & Management

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