Hogs Up Triple Digits for more Expanded Limits
Related Stocks
 HEJ24 - Lean Hogs
SymLastChgPct
HEJ2486.725+0.625+0.73%
HEM24101.325-0.275-0.27%
KMJ2495.625+0.125+0.13%

Lean hog futures recovered most of the triple digit drop from Friday, and will maintain the use of expanded limits for the Tuesday session. Futures were up $2.27 to $3.17 at the close. USDA’s National Average Base Hog price was $104.94 up by 45 cents. The CME Lean Hog Index was another 21 cents higher on 4/15, to $103.24.

Pork cutout futures ended the session $1.87 to $2.25 higher for the front months. USDA’s National Pork Carcass Cutout Value was reported at $114.08 in the PM report, up by $1.99. CME’s Fresh Bacon Index was quoted at 246.25 cwt. for the week ending 4/16. That was down by $4.11, but remains at record highs for the March/April time frame. USDA’s estimate for Monday’s FI hog slaughter is 490,000 head. The same Monday in 2020 was affected by packing plant closures.

May 21 Hogs  closed at $105.650, up $3.175,

Jul 21 Hogs  closed at $101.975, up $2.275

May 21 Pork Cutout  closed at $112.775, up $2.025,




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