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Lean Hogs

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Lean hog futures are mixed on Tuesday, with deferred contracts lower and nearby Feb up 30 ahead of Wednesday’s expiration. The CME Lean Hog Index on February 9 was $74.72, down 66 cents from the previous day. The USDA pork carcass cutout value was 42 cents higher at $77.13 in the Tuesday AM report. The national base hog weighted average price was down $1.05 at $67.86 this morning. The USDA estimated FI hog slaughter at 462,000 on Monday. That is up 1,000 head from the previous week and 21,000 head more than the same time last year.

Feb 18 Hogs closed at $73.375, up $0.300,

Apr 18 Hogs closed at $69.775, down $0.750

May 18 Hogs closed at $75.400, down $0.650

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