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Hog Market Mixed to Mostly Higher

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Feb hogs expired at $55.90 after a dime drop from Friday trades. The other front month lean hog futures were 12 to 22 cents higher. The CME Lean Hog Index for 2/12 was down $0.62 to $56.70. Data from the latest Commitment of Traders report showed managed money was less net long for lean hogs. On 02/11 spec trader OI was up 4,321 to 128,614 contracts. USDA’s Pork Carcass Cutout value was 35 cents lower on Friday afternoon, at $62.75 cwt. Loin cuts were down the most, with a $3.00 drop to $63.83 cwt. USDA’s National Average Base Hog price was $0.92 higher on Friday, at $49.56. USDA estimated weekly FI hog slaughter through Saturday at 2.596 million head, which is 95,000 below last week, but out paces the same week last year by 99,000 head. YTD slaughter is estimated to be 17.28 million head through Saturday.

Feb 20 Hogs closed at $55.900, down $0.100,

Apr 20 Hogs closed at $64.300, up $0.225

May 20 Hogs closed at $73.000, up $0.150

---provided by Brugler Marketing & Management

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