Weekly USA commodities&pork prices for pig producers.
• US lean hog futures were higher.
• Corn futures were slightly higher, soy complex futures were mostly higher and wheat futures were mostly lower.
• The value of the US dollar against the euro was slightly higher.
• Crude oil futures were higher.
• New York gold futures were slightly higher.
• US stock indexes were mostly higher.
• European stock indexes were higher.
• Asian stock indexes closed mostly higher.
• US lean hog futures closed lower. A glut of heavy-weight hogs and higher-than-expected supplies of pork continued to drag on lean hog futures prices. February lean hog futures retreated .975c, closing at 85.650c a lb.
• The cutout value for a pork carcass weighing 205 lbs. eased .15c closing at 90.83c a lb. Cutout values were sharply higher for ribs and higher for butts and bellies. Cutout values were lower for loins, picnics and hams.