Lean Hogs

Lean hog futures settled with gains of $1.575 to $2.60 in the nearby contracts on Monday. The CME Lean Hog Index for 6/15 was up another $1.13 to $84.06. The USDA pork carcass cutout value was 94 cents higher in the afternoon report, with a weighted average of $96.57. The loin was the only primal lower, down $4.46. The national base hog carcass price was 81 cents higher with a weighted average of $85.44 in the afternoon report. Prices ranged from $80.00-$87.00. On Monday FI hog slaughter was estimated at 430,000 head, 19,000 more than last week and 11,000 head above last year.

Jul 17 Hogs closed at $83.900, up $1.575,

Aug 17 Hogs closed at $81.475, up $2.350

Oct 17 Hogs closed at $69.375, up $2.600

Market Commentary provided by:

Brugler Marketing & Management LLC
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