Lean Hog futures settled Monday mixed, with nearby June down 62.5 cents and deferred contracts steady to 75 cents higher. The CME Lean Hog Index was up 38 cents from the previous day @ $84.59 on May 16. The weekly update to the Fresh Bacon Index shows a price of $168.17/cwt, up $12.78 from the week prior. The USDA pork carcass cutout value was up $1.26 at $86.53 on Monday afternoon. The national average base hog was 23 cents lower on Monday, at an average weighted price of $80.92. Estimated FI hog slaughter was 472,000 head for Monday. That was 12,000 head above the previous week and 14,000 above the same day last year.
--provided by Brugler Marketing & Management