Lean Hogs Market News and Commentary

Lean Hog futures were mixed on Monday, with nearby April up 32.5 cents and most other contracts steady to $1.60 lower. The CME Lean Hog Index was up $1.66 from the previous day @ $62.41 on March 21. The USDA pork carcass cutout value was up $2.41 on Monday afternoon at an average weighted price of $80.20. The national base hog carcass value was $2.55 higher on Monday at an average weighted price of $68.82. USDA estimated Monday’s FI hog slaughter at 474,000 head, up 11,000 head from last week and 15,000 head larger than the same week last year. Triumph is back online after a mandatory flood evacuation order had caused them to suspend operations.

--provided by Brugler Marketing & Management




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