Lean hog futures extended the bounce back on Thursday, with gains of 55 to 90 cents. USDA’s national base hog price was reported at $91.04 on Thursday afternoon, up $2.70 from the day prior. The CME Lean Hog Index was 6 cents higher on Feb 17 at $87.19.
USDA’s pork carcass cutout value from the Thursday PM report was 72 cents higher at $96.28 per cwt. The picnic and belly primals were the only reported lower. USDA estimated federally inspected hog slaughter for Thursday at 491,000 head, taking this week’s total to 1.918 million head. That was 4,000 head below last week but 5,161 head shy of the same week last year.
Apr 26 Hogs closed at $93.450, up $0.900,
May 26 Hogs closed at $97.750, up $0.750
Jun 26 Hogs closed at $107.175, up $0.575,
