Hogs Mixed on Friday

Lean Hog futures closed mixed in most contracts on Friday, with soon to expire Aug up $1.675 and other front months lower. Oct clawed back 1.9% after last week’s sharp losses. The CME Lean Hog Index was down 58 cents from the previous day on August 7 at $82.85. The USDA pork carcass cutout value was up $1.75 on Friday afternoon at $90.44. The national average base hog value was down another 79 cents in the Friday PM report at $70.98. Estimated FI hog slaughter WTD through Saturday was 2.354 million head, up 3,000 head from the previous week and 13,000 head above the same week a year ago. CFTC data showed spec funds in lean hog futures and options at their largest net long position since early June of 40,978 contracts as of Tuesday.

AUG 19 Hogs closed at $79.025, up $1.675,

OCT 19 Hogs closed at $66.975, down $0.900

DEC 19 Hogs closed at $64.675, down $0.575

---provided by Brugler Marketing & Management

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