Lean Hogs

Lean hog futures posted losses of 52.5 cents to $1.475 on Thursday. The CME Lean Hog Index for 6/13 was up another 94 cents to $82.10. The USDA pork carcass cutout value was 17 cents lower in the afternoon report, with a weighted average of $94.90. The loin, picnic, and rib primal cuts were all lower. The national base hog carcass price was $1.60 higher with a weighted average of $83.87 in the afternoon report. Prices ranged from $78.00-$86.00. Through Thursday, estimated week to date FI hog slaughter was 1,710,000 head, 44,000 fewer than last week and 5,000 head above last year. The USDA reported just 12,339 MT for weekly pork export sales, a marketing year low that was 7% behind last year’s figure for the same week. Exports picked up to 21,007 MT, a 5.9% increase over last week.

Jul 17 Hogs closed at $82.050, down $0.525,

Aug 17 Hogs closed at $78.925, down $1.475

Oct 17 Hogs closed at $67.200, down $1.375

Market Commentary provided by:

Brugler Marketing & Management LLC
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