Lean Hogs Drop Limits

Lean hog futures closed with limit losses in the April and May futures, and the hog market will trade with expanded limits on Tuesday. The CME Lean Hog Index was 24 cents higher on 01/23, at $61.53. USDA’s Pork Carcass Cutout was $0.12 lower this afternoon, with primal cuts mixed. USDA’s National Average Base Hog price was up triple digits to $53.86 in the afternoon. USDA Estimated FI hog slaughter on Monday at 498,000 head. Which is 87,000 head more than last week, and 26,000 head more than the same week last year

Feb 20 Hogs closed at $65.950, down $1.275,

Apr 20 Hogs closed at $70.450, down $3.000

May 20 Hogs closed at $76.975, down $3.000

---provided by Brugler Marketing & Management

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