Lean hog futures closed mixed on Monday, but were mostly triple digits weaker. June hogs ended the session $2.80 in the red. USDA’s National Average Base Hog price was up another 33 cents Monday afternoon to $100.54. The CME Lean Hog Index was up another 43 cents to $101.94 on 4/8.
Pork cutout futures closed the session with $0.37 to $1.85 losses past April contracts. April ended the session 2 cents stronger. USDA’s National Pork Carcass Cutout Value was down $3.07 in the PM report to $110.10. The CME Fresh Bacon Index for the week ending 4/9 was $7.24 higher to $250.36. That is the highest since the summer of 2017’s record. USDA estimated the federally inspected hog slaughter for Monday at 494,000 head.
Apr 21 Hogs closed at $103.525, up $0.050,
Jun 21 Hogs closed at $106.150, down $2.800
Apr 21 Pork Cutout closed at $112.250, up $0.025,
