Tuesday’s closes left the board $0.82 to $1.57 weaker. For Feb the $1.45 drop was still an inside day following the $1.62 gain on Friday. The CME Lean Hog Index was back up by 3 cents on 1/15 to 65.56. At the close, front month pork cutout futures were 60 cents to $1.35 weaker. The Fresh Bacon Index from CME was up another $11 to a 12 week high of $164.94 cwt. USDA’s National Average Base Hog price was down another $1.04 to $54.26. The ECB base price was $54.18, and the WCB base hog price was reported at $54.77. China announced the state will auction 30k MT of frozen pork on Jan 21. The National Pork Carcass Cutout value was down $1.10 on weakness in hams. The cutout was quoted $77.42 cwt. and hams were $65.59 after a $8.52 drop. USDA’s estimate for Tuesday’s FI hog kill is 498,000 head. The WTD slaughter is 925,000, down from 996,000 head LW but above 905,000 from the same week last year.
| Feb 21 Hogs closed at $66.475, down $1.450, |
| Apr 21 Hogs closed at $71.425, down $1.225 |
| May 21 Hogs closed at $76.775, down $0.825 |
| Feb 21 Pork Cutout closed at $77.500, down $1.350, |
--- provided by Brugler Marketing & Management
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