Lean Hogs

Lean hog futures are posting sharp losses in most contracts at midday, with nearby Feb $1.725 lower. 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. The USDA reported pork export sales of 12,600 MT for the first week of 2018. There was also 84,700 MT in unshipped sales from 2017 rolled to 2018.

Feb 18 Hogs are at $70.800, down $1.725,

Apr 18 Hogs are at $73.975, down $1.800

May 18 Hogs are at $79.000, down $1.250




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