Lean Hogs Market News and Commentary

Lean Hog futures settled mixed on Thursday, as nearby Feb was up 30 cents. The CME Lean Hog Index was up 25 cents from the previous day @ $54.10 on January 8. The USDA pork carcass cutout value was up 79 cents on Thursday afternoon at an average weighted price of $70.46. The national base cash hog carcass value was 2 cents lower in the PM report, with a weighted average of $51.14. This week’s FI hog slaughter through Thursday was estimated at 1.9 million head, which was 91,000 head larger than the same week last year.

--provided by Brugler Marketing & Management