Lean Hogs Re-Test Recent Lows

Lean Hog futures were down 57.5 cents to $2.55 in most contracts on Wednesday. Pork was left off a Chinese list of tariff exemptions of 16 US products. Most of them were cancer drugs. The CME Lean Hog Index was down another 76 cents at $62.99 on September 9. The USDA pork carcass cutout value FOB plant was up 46 cents on Wednesday afternoon at $72.45. The national average base hog value was $1.50 lower at $47.27. Estimated FI hog slaughter was 1.457 head through Wednesday, 117,000 head above the same week in 2018.

-- provided by Brugler Marketing & Management

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