Lean Hogs Staggered by Limit Down Move on Friday

Lean Hog futures were sharply lower Friday, down anywhere from $0.72 in soon to expire June to limit down in July and August. The CME Lean Hog Index was down 11 cents from the previous day @ $80.56 on June 5. The USDA pork carcass cutout value was down 17 cents today at $83.08. The national average base hog was UNCH at $75.63. Estimated weekly FI hog slaughter was 2.417 million including a Saturday run of 51,000. The weekly total would be 149,000 head more than the same week last year. Official April pork exports from Census showed 176,941 MT shipped out in April. That was down 4.1% from April 2018, with prices rising sharply in March and April.

--provided by Brugler Marketing & Management

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