Hogs Lower at Midday

Lean Hog futures are down 12.5 cents in the nearby contract, with back months as much as $1.45 lower. The CME Lean Hog Index was down 29 cents from the previous day @ $79.66 on June 10. The USDA pork carcass cutout value was down $1.02 on Wednesday morning at $82.74. The picnic and belly primals were the only ones reported higher. The national average base hog was down 46 cents at $74.74 per hundred pounds. This week’s estimated FI hog slaughter through Tuesday was 949,000 head. That is 5,000 head above last week and 58,000 head larger than the same week last year.

Jun 19 Hogs are at $78.950, down $0.125,

Jul 19 Hogs are at $84.000, down $0.375

Aug 19 Hogs are at $81.950, down $1.025

--provided by Brugler Marketing & Management




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