Lean Hogs Market Commentary

Lean hog futures are steady to 85 cents lower here on Thursday. The CME Lean Hog Index was up 94 cents on September 11 to $48.49. The USDA pork carcass cutout value was 65 cents higher @ $71.51 in the Thursday morning FOB plant report. The picnic was the only primal reported lower. The national base hog carcass value was $1.15 higher @ $48.85 this morning. FI hog slaughter through Wednesday was estimated at 1.338 million head, down 31,000 head from the same week last year as plants along the East Coast prepare for Hurricane Florence. Pork export sales for the week of Sep 6 were tallied at 18,717 MT.

Oct 18 Hogs are at $54.950, down $0.850,

Dec 18 Hogs are at $55.425, down $0.200

Feb 19 Hogs are at $64.625, down $0.075




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