Lean Hog posted 12.5 cent to $1.975 losses in most contracts on Tuesday. The CME Lean Hog Index was UNCH from the previous day @ $84.59 on May 17. The USDA pork carcass cutout value was up 54 cents at $87.07 on Tuesday afternoon. The national average base hog was 11 cents lower on Tuesday, at an average weighted price of $80.91. This week’s estimated FI hog slaughter is 942,000 head through Tuesday. That was 21,000 head above the previous week and 23,000 above the same week last year.
--provided by Brugler Marketing & Management