Lean hog futures recorded losses of 40 to 60 cents at midday on April 15, with the April contract holding steady ahead of its Wednesday expiration. The United States Department of Agriculture reported the national base hog price at $90.26 on Tuesday morning, which is an increase of $1.03 from the previous day. Meanwhile, the CME Lean Hog Index declined by one cent on April 10 to $90.27.
The pork carcass cutout value rose by 38 cents to reach $99.52 per hundredweight in Tuesday morning’s USDA report, though prices for loin, butt, and belly primals were lower. USDA estimated Monday’s federally inspected hog slaughter at 492,000 head—125,000 more than the prior week and over 7,300 above last year’s comparable period.
As trading progressed into mid-April contracts: April lean hogs remained unchanged at $90.500; May contracts fell by $0.450 to $94.400; and June contracts dropped by $0.525 to stand at $102.600.
Legacy Farmers Cooperative is a member-owned agricultural cooperative that formed through a merger and maintains operations in Findlay, Ohio, offering services such as grain marketing, agronomy and petroleum distribution to support farming needs according to the official website. The cooperative employs more than 150 staff across its divisions and serves agricultural producers in ten counties throughout northwest Ohio according to its official website.
In addition to providing essential services like grain centers, agronomy sites, fuel stations and retail locations across northwest Ohio according to its official website, Legacy Farmers Cooperative supports community initiatives including youth agricultural education programs such as 4-H and FFA as well as county fairs and scholarships according to its official website. The cooperative aims to exceed customer expectations by delivering top value and financial returns for members according to its official website.
