Lean Hogs Market News and Commentary

Lean Hog futures posted limit gains in all contracts out to April 2020. Nearby April was up 13.63% on the week, extending the premium to cash. The CME Lean Hog Index was up $1.01 from the previous day @ $54.13 on March 13. The USDA pork carcass cutout value was up 9 cents on Friday afternoon at an average weighted price of $68.89. The national base hog carcass value was up $2.67 in the PM report at an average weighted price of $54.20. USDA estimated the weekly FI hog slaughter was at 2.452 million head through Saturday, down 83,000 from last week but 34,000 head above last year. China’s Ag Ministry data shows the country’s hog herd down 16.6% from a year ago in February, with the sow numbers down 19.1%.

Apr 19 Hogs closed at $68.800, up $3.000,

May 19 Hogs closed at $77.900, up $3.000

Jun 19 Hogs closed at $86.525, up $3.000

--provided by Brugler Marketing & Management

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