Hogs Mostly Higher on Thursday

Lean Hog futures are firm to $1.60 higher at midday, with soon to expire Aug down 25 cents. The CME Lean Hog Index was down 76 cents from the previous day on August 6 at $83.43. The USDA pork carcass cutout value was up 60 cents on Thursday morning at $89.00. The national average base hog value was down another $2.02 in the Thursday AM report at $71.51. Estimated FI hog slaughter WTD through Wednesday was 1.376 million head, down 16,000 head from the previous week and 63,000 head above the same week a year ago. According to an industry group, Brazilian July pork exports hit 67,900 MTs, 0.4% below July 2018 but the highest of 2019 on Chinese demand. USDA Export sales data showed 13,738 MT of pork sold in the week of August 1, an increase of 55% over last week. Sales of 1,350 MT were reported for China, with shipments of 8,569 MT.

AUG 19 Hogs are at $77.475, down $0.250,

OCT 19 Hogs are at $66.950, up $0.100

DEC 19 Hogs are at $64.275, up $0.850

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