Lean Hog Futures Fell More on the Week

Lean hog futures are 27 cents lower for Apr contracts, but Dec and Feb lost triple digits on Wednesday’s round of trading. The 11/11 CME Lean Hog Index 50 cents lower at $58.94. Wednesday’s pork carcass cutout value was down $1.52, while picnic and belly made gains of $150 and $1.37 respectively. The national average base hog price was 49 cents lower to $42.24 for Wednesday afternoon. The USDA estimated weekly FI hog slaughter as of 11/13 was 1.428 million head; that is 48,000 head behind last week’s pace.

Dec 19 Hogs closed at $63.125, down $1.600,

Feb 20 Hogs closed at $74.550, down $1.000

Apr 20 Hogs closed at $81.750, down $0.275

--provided by Brugler Marketing & Management

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