Lean Hogs

Lean hog futures ended the Friday session mixed, with most contracts lower and a few back months slightly higher. The CME Lean Hog Index on March 14 was down 45 cents from the previous day to $65.93. The USDA pork carcass cutout value was 23 cents lower at $72.57 in the Friday PM report. The national base hog weighted average price was $1.31 lower at $57.26 on Friday afternoon. The USDA estimated FI hog slaughter at 2,413,000 head through Saturday. That is up 10,000 head from the previous week and 81,000 head more than the same week last year. Spec funds held a net long position of just 9,832 contracts on March 13 in lean hog futures and options. That was down 5,232 contracts from the previous week.

Apr 18 Hogs closed at $65.450, down $0.275,

May 18 Hogs closed at $72.750, unch,

Jun 18 Hogs closed at $79.125, down $0.050




Market Commentary provided by:

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