Hogs Ease Back on Friday

Lean hog futures closed the Friday trade with contracts a dime to 25 cents lower in the nearbys. February was up just 7 cents this week, as April was 97 cents higher. USDA’s national base hog price was reported at $83.56 on Friday afternoon, up 47 cents from the day prior. The CME Lean Hog Index was up another 67 cents on Jan 21 at $83.07. Export Sales data showed 33,249 MT of pork sold in the week ending on January 15. Shipments were at 39,223 MT during that week. More News from Barchart Monthly Cold ...