Lean Hogs Market News and Commentary
BRUG - Fri Mar 08, 5:15PM CST

Lean Hog futures saw strong $1.25 to $2.825 gains in most contracts on Friday, with April up 7.36% this week. The CME Lean Hog Index was down 10 cents from the previous day @ $51.75 on March 6. Futures expect cash to rally, but the puzzle pieces haven’t settled into place yet. The USDA pork carcass cutout value was up 79 cents on Friday afternoon at an average weighted price of $65.04. The national base hog carcass value was up $1.21 on Friday afternoon at a weighted average of $45.86. Pork production for 2019 was estimated at 27.43 billion lbs this morning by USDA, up 90 million from last month.

Apr 19 Hogs closed at $60.550, up $2.825,

May 19 Hogs closed at $68.925, up $2.350

Jun 19 Hogs closed at $78.175, up $2.650

--provided by Brugler Marketing & Management




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