Lean Hogs Market Commentary

Lean hog futures settled with mixed trade on Monday, as Dec was down 42.5 cents with most other contracts in the green. The CME Lean Hog Index was up $1.65 on September 20 to $59.09. The USDA pork carcass cutout value was 84 cents higher on Monday afternoon at $80.02. The national base hog carcass value was $1.03 higher in the Monday afternoon report at $60.53. FI hog slaughter on Monday was estimated at 472,000 head. That is up 56,000 head from last week and 13,000 head larger than the same week last year, as NC plants should be back up and running. Frozen pork stocks at the end of August were reported at 582.592 million pounds by the USDA this afternoon. That was 5.99% larger than July and up 1.2% vs. August 2017. Belly stocks were shown at 34.969 million pounds, with 14% from July.

OCT 18 Hogs closed at $61.000, up $0.700,

DEC 18 Hogs closed at $56.975, down $0.425

FEB 19 Hogs closed at $65.450, up $0.525

Market Commentary provided by:

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