NFC North

Triple Digit Losses for Lean Hogs

Nearby lean hog futures finished Tuesday with $0.40 to $1.12 losses, with bears most evident in the Feb contract. USDA’s National Average Base Hog price for Tuesday morning was $45.90 in the PM report. The CME Lean Hog Index increased 7 cents to $66.55 on 1/12. USDA’s National Pork Carcass Cutout Value was $87.79 on 1/16, up by 73 cents. Tuesday’s FI hog slaughter was estimated at 464k head for Tuesday, setting the week’s total at 842k head vs 910.7k head during the same week last year. Feb 24 Hogs closed at $70.775, down $1.125, Apr 24 Hogs closed at $77.575, down $1.050 Feb 24 Pork Cutout cl…