Hogs Lower at Midday

Lean Hog futures are mostly 12.5 cents to $1.50 lower on Thursday. The CME Lean Hog Index was up 23 cents from the previous day @ $79.49 on June 18. The USDA pork carcass cutout value was up 83 cents on Thursday morning at $78.52. The picnic was the only primal reported lower. The national average base hog was $1.47 lower at $74.93 per hundred pounds. This week’s estimated FI hog slaughter is 1.423 million head through Wednesday. That was up 2,000 from the previous week and well above the same week in 2018. Pork export sales in the week that ended on 6/13 totaled 19,667 MT, with China cancelling just 75 MT of that and 8,200 MT sold to Mexico. Total shipments were tallied at 24,138 MT.

Jul 19 Hogs are at $80.125, down $1.500,

Aug 19 Hogs are at $82.200, down $0.800

Oct 19 Hogs are at $77.000, down $0.450

--provided by Brugler Marketing & Management

Market Commentary provided by:

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