Hogs Lower on Friday

Lean Hog futures are down $1.225 to $2.825 at midday. The CME Lean Hog Index was down 79 cents from the previous day @ $73.22 on July 2. The USDA pork carcass cutout value was up $1.69 @ $73.17 on Friday afternoon. The national average base hog price was down $1.32 on Friday afternoon at $65.82. Estimated FI hog slaughter for WTD through Saturday is 2.072 million head. That was up 87,000 head from same week last year. USDA showed 23,521 MT of pork sold for export in the week of 6/27. Shipments were at 27,009 MT, with 8,107 MT headed to China. Census trade data for May showed pork shipments at 511.437 million pounds, down 0.8% from last years May record and 2.5% lower than April. Exports to China were at a 3-year high 56.751 million lbs, which was also the 4th largest on record for May.

JUL 19 Hogs closed at $72.125, down $1.425,

AUG 19 Hogs closed at $77.050, down $1.325

OCT 19 Hogs closed at $70.075, down $2.725

--provided by Brugler Marketing & Management

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