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Lean Hogs

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Lean hog futures ended mixed on Friday as July was 27.5 cents higher and back months as much as 80 cents lower. The CME Lean Hog Index for 6/14 was up another 83 cents to $82.93. The USDA pork carcass cutout value was 73 cents higher in the afternoon report, with a weighted average of $95.63. The picnic was the only primal cut lower. The national base hog carcass price was 75 cents lower with a weighted average of $84.72 in the afternoon report. Prices ranged from $79.00-$86.00. Through Saturday, week to date FI hog slaughter is estimated at 2,179,000 head, 13,000 fewer than last week but now 27,000 head above last year.
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