Lean Hogs

Lean hog futures are $1.00 to $1.55 lower in most nearby contracts at midday. The CME Lean Hog Index was up 72 cents on January 8 at $66.37. The USDA pork carcass cutout value was down 8 cents at $79.45 in the Wednesday afternoon report. The picnic primal was down a sharp $6.46, as the belly was up $4.30. The national base hog weighted average price was up $1.87 to $69.43. The USDA week to date FI hog slaughter was estimated at 1,385,000 head through Wednesday. That is up 103,000 head from the same week last year.




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