Home Markets News Weather

Lean Hogs Pause Corrective Rally

« Go Back

Hogs closed with $0.57 to $1.25 losses in the front months yesterday. The 03/23 CME Lean Hog Index was 80 cents stronger to $63.98. USDA’s Pork Carcass Cutout value was $3.02 lower to $79.03 in the afternoon update. Bellies were down $12.52 cwt., and butts were the biggest mover, with a $18.32 drop to $122.27 cwt. The National Average Afternoon Base Hog price was down 19 cents at $59.02. Estimated FI hog slaughter is 1.493 million head on the week through Wednesday. That is even with last week’s pace. USDA’s Hogs and Pigs report will be released at 2pm CDT today. Traders are expecting the March 1 herd to be 77.162 million head (3.4% higher yr/yr). Traders anticipate the pig crop to be up 3.5% yr/yr and to have 1.1% more sows farrowing.

--- provided by Brugler Marketing & Management

« Go Back

Real-time Login
     Get Real-time Data
Edit Preferences      Refresh:   On   Off