Lean Hogs

Lean hog futures finished Tuesday with gains of 20 cents to $1.575 in the front months, with deferred contracts 5 to 22.5 cents lower. The CME Lean Hog Index for 6/9 was up another 57 cents to $80.59. The USDA pork carcass cutout value was $1.83 higher in the afternoon report, with a weighted average of $94.97. All primal cuts were reported higher. The national base hog carcass price was $2.54 higher with a weighted average of $79.76 in the afternoon report. Through Tuesday, estimated FI hog slaughter WTD was 844,000 head, 31,000 fewer than last week and 10,000 head below last year.

Jun 17 Hogs closed at $82.775, up $0.800,

Jul 17 Hogs closed at $82.275, up $1.575

Aug 17 Hogs closed at $80.225, up $0.225

Market Commentary provided by:

Brugler Marketing & Management LLC
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Phone: 402-697-3623
Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
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