Hogs Mostly Higher on Thursday

Lean Hog futures are showing 10 to 50 cent gains at midday, with the exception being August, down 22.5 cents. The CME Lean Hog Index was down 23 cents from the previous day @ $80.67 on June 4. The USDA pork carcass cutout value was up $2.28 at $85.35 on Thursday morning, with the belly leading the way up $10.48. The national average base hog was down $1.31 on Thursday, with a weighted average price of $75.05. Estimated FI hog slaughter WTD through Wednesday is 1.419 million head, 78,000 head above the same week last year. Export sales of pork in the week that ended on May 30 were tallied at 33,776 MT for 2018, with China buying 17,394 MT. There was also 10,765 MT in forward sales for 2019, all for China. Actual shipments were reported at 22,192 MT.

Jun 19 Hogs are at $80.100, up $0.250,

Jul 19 Hogs are at $86.775, up $0.500

Aug 19 Hogs are at $85.850, down $0.225

--provided by Brugler Marketing & Management




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