Lean Hogs Market News and Commentary

Lean Hog futures were mixed on Tuesday, with nearby contracts 17.5 cents to $1.575 lower and deferred contracts higher. The CME Lean Hog Index was down 19 cents from the previous day @ $79.27 on June 14. The USDA pork carcass cutout value was down $1.82 on Tuesday afternoon at $81.15. The loin and butt primals were the only reported higher. The national average base hog was 46 cents lower at $75.68 per hundred pounds. This week’s estimated FI hog slaughter is 477,000 head through Tuesday. That was up 1,000 from the previous week and 84,000 head above the same week in 2018. Vietnam’s ag ministry reported that the country had culled more than 2.5 million head of hogs so far in order to limit the spread of ASF.

--provided by Brugler Marketing & Management




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