Lean Hogs Market Commentary

Lean hog futures are up $.57 to $1.30. The CME Lean Hog Index was up $1.49 cents on September 12 to $50.08. It appears the seasonal bottom is in place, with a second risk period in late October or November. The USDA pork carcass cutout value was $2.28 higher at $73.33 in the Friday morning FOB plant report. The belly was up $7.63, with the loin $4.56 higher. The national base hog carcass value was up 28 cents @ $48.98 this morning. FI hog slaughter through Thursday was estimated at 1.749 million head, down 80,000 head from the same week last year. Pork export sales for the week of Sep 6 were 18,717 MT.

Oct 18 Hogs are at $56.425, up $0.750,

Dec 18 Hogs are at $57.225, up $1.300

Feb 19 Hogs are at $65.925, up $0.575




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