date:Jan 21, 2013
teady-to-$0.50/cwt higher bids. Sellers were reluctant waiting on higher cash bids. Cash hog bids should be firm-to-higher through mid-week. For Monday 01/14/2013 USDA put last weeks hog slaughter at 431,000 head vs. 432,000 the previous week and 396,000 head a year ago. Late Monday USDA put the lean pork cutout at $83.43/cwt, off $0.48/cwt and $0.25/cwt lower than last report.
According to HedgersEdge.com, the average packer margin was raised $4.40/head from last report to a negative $1.30/hea