Lean Hogs Close Higher
Related Stocks
 HEJ24 - Lean Hogs
SymLastChgPct
HEJ2486.100s+0.525+0.61%
HEM24101.600s+0.250+0.25%
KMJ2495.500s+1.550+1.65%

At the end of the Wednesday session lean hog futures were up by $0.22 to $1.32 setting fresh new LOC highs. USDA’s National Average Afternoon Base Hog price was $116.93 after another $1.73 increase. WCB hog prices were quoted at $121.21. The May 3rd CME Lean Hog Index was $107.37, up by 27 cents.  

 

Official Census data showed March pork exports were a new record of 728.8m lbs. The previous record was 680.8m lbs in December 2019. China was the top destination with 170.9m lbs, though March pork shipments to China were down 19.4m lbs yr/yr. 

 

Pork cutout futures closed the midweek session with gains of 50 cents to $1.25 led by the back months. USDA’s National Pork Carcass Cutout Value was 73 cents higher to $111.91 in the PM update. Pork rib primals continue the record run up with another $4.30 increase to $250.94 cwt. USDA estimated FI hog slaughter at 1.45 million head, which is 2,000 head behind last week’s pace. WTD slaughter pace is not comparable to the same week last year as COVID related plant closures affected the industry. 

 

May 21 Hogs  closed at $111.375, up $0.225,

Jul 21 Hogs  closed at $114.475, up $1.050

May 21 Pork Cutout  closed at $113.700, up $0.500,




<p>Market Commentary provided by:<br /> <img src="https://s3.amazonaws.com/images1.aws.barchart.com/logos/bruglerlogo.gif" border="0" /><br /> Brugler Marketing &amp; Management LLC<br /> 1908 N. 203rd St.Omaha, NE 68022<br /> Phone: 402-697-3623<br /> Fax: 402-289-2353<br /> E-mail: <a href="mailto:alanb@bruglermktg.com">alanb@bruglermktg.com</a><br /> Web: <a href="http://bruglermarketing.com/">http://bruglermarketing.com</a></p> <p align="center"><!-- [if gte mso 9]><xml> <w:WordDocument> <w:View>Normal</w:View> <w:Zoom>0</w:Zoom> <w:TrackMoves/> <w:TrackFormatting/> <w:PunctuationKerning/> <w:ValidateAgainstSchemas/> <w:SaveIfXMLInvalid>false</w:SaveIfXMLInvalid> <w:IgnoreMixedContent>false</w:IgnoreMixedContent> <w:AlwaysShowPlaceholderText>false</w:AlwaysShowPlaceholderText> <w:DoNotPromoteQF/> <w:LidThemeOther>EN-US</w:LidThemeOther> <w:LidThemeAsian>X-NONE</w:LidThemeAsian> <w:LidThemeComplexScript>X-NONE</w:LidThemeComplexScript> <w:Compatibility> <w:BreakWrappedTables/> 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