Home Markets News Weather

Lean Hogs See Lower Pork Supplies but Lots of Bacon

« Go Back

Nearby lean hog futures were up $0.72 to $2.47, while the deferred contracts fell back by 15 to 77 cents. The 05/19 CME Lean Hog index was another $1.06 lower to $65.98. USDA’s National Average Base Hog price was 41 cents lower to $37.91 on Thursday. Pork export sales were negative for the week ending May 14. Pork export shipments on the other hand were up 128% wk/wk as 49,714 MT were shipped. That was the largest figure since the week ending November 14, and 4th highest all time. The National Pork Carcass Cutout Value was $97.85 on Thursday, down by $2.07. USDA’s monthly update to Cold Storage pork stocks showed 614.8m lbs in inventory. That was 1.1% below last year, and 0.3% lower than March 31. Belly stocks (raw material for bacon) in April were 2.05m lbs above March, at 90.9m lbs. That was a 6 year high for the month. USDA estimated WTD hog slaughter at 1.580m head through Thurs.

--- provided by Brugler Marketing & Management

« Go Back

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