Hogs Bounce Triple Digits
The Wobble Wednesday session closed with lean hog futures showing $1.20 to $1.95 gains to fade Tuesday losses. Pork cutout futures ended the session $1.02 to $1.20 higher. The CME Lean Hog Index was back up by 36 cents on 1/18 to $65.92. USDA’s National Average Base Hog price was back up by $0.82 in the PM quote to $55.08. The National Pork Carcass Cutout value was $79.02 in the PM quote. The primals were mixed. USDA estimated FI hog slaughter at 1.423 million head through Wednesday. That is down 71,0000 head wk/wk, but up from 1.39m the same week last year.
| Feb 21 Hogs closed at $68.425, up $1.950, |
| Apr 21 Hogs closed at $73.075, up $1.650 |
| May 21 Hogs closed at $77.975, up $1.200 |
| Feb 21 Pork Cutout closed at $78.450, up $1.025, |
--- provided by Brugler Marketing & Management
