Lean hog futures were 22.5 to 90 cents lower on Friday, dropping 2.69% on the week. The CME Lean Hog Index on February 7 was at $75.63, up 25 cents from the previous day. The USDA pork carcass cutout value was $2.48 lower at $74.44 in the Friday PM report. The loin and picnic cuts were the only reported higher, with the belly primal down a sharp $12.67. The national base hog weighted average price was up 22 cents at $69.72 Friday afternoon. The USDA estimated FI hog slaughter at 2,389,000 through Saturday. That is down 49,000 head from the previous week but 29,000 head more than the same time last year.
Feb 18 Hogs closed at $73.175, down $0.225,
Apr 18 Hogs closed at $68.850, down $0.600
May 18 Hogs closed at $74.775, down $0.250