Hogs Extend Losses on Feb 11; Feb CME Lean Hog @ $86.90

Lean hog futures extended declines on February 11, with February contracts down 5.0 cents to $86.90, and nearby February down 0.10. The CME Lean Hog Index fell 14.00 cents to $86.32 on February 6. USDA base hog price was $88.17, up 43.00 cents from the prior day. Pork carcass cutout value was $93.77 per cwt, down $1.69; slaughter for Wednesday was 495,000 head, up 63,000 from last week and 10,047 from the same week last year. Feb 26: Feb CME Lean Hog @ $86.90, +$0.05 Apr 26: Apr CME Lean Hog @ $93.85, -$1.65 May 26: May CME Lean Hog @ $98.025, -$1.50