The CME Lean Hog Index component on the kill for -

2/22/19 was down -0.48 to 52.92. The JJJs settled premium to the component by +0.98. The market is hinting the downtrend is about to end. I noticed that last week's kill was revised downward and yesterday's kill was quite weak. But I don't know why. If it is because packers didn't have the hogs, that is a good sign for producers. If a plant was down or there were weather problems that is not a good sign because it backs hogs up and more pounds are added on. At any rate, cutouts being up +1.91 was a good sign for producers. It was also a good sign for Dewey and me!

The 6-day moving average carcass weight was steady at 215.60#. That is only +0.56# yr/yr. Index hogs were a bit lighter at 214.42# and that was down a little. Packer hogs are running 3.74# heavier than non-packer hogs. The kill mix continues to be made up of a higher percentage of packer-hogs. These numbers continue to point to increased vertical integration by packers who seem to want to control more hogs from conception to the retailers cases.

Best wishes,


Messages In This Thread

The CME Lean Hog Index component on the kill for -
Hogs by Dennis Smith
Yes, Dewey, this has been a difficult - - -