Market Overview

Lean Hog Futures Higher

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April lean hogs are trading at 68.92, up 0.75 cents/lb. June lean hogs are trading at 77.62, up 0.72 cents/lb

Lean hog futures are trading higher just after the open. Trading is choppy.

Talk about cash prices and pork production ahead is making the rounds.

Friday's USDA hog slaughter was 426,000 head versus 413,000 head a year ago. Saturday's USDA estimated hog slaughter was 120,000 head versus 88,000 head a year ago. The total hog slaughter for last week was 2,313,000 head versus 2,237,000 head a year ago.

Estimates for pork production during the second quarter production are showing a rise of 6 percent versus a year ago.

Posted-In: lean hog futuresFutures Commodities Markets

 

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