Lean Hogs Still Under Pressure

Lean Hog futures closed 97 cents to $2.07 lower on Monday. The CME Lean Hog Index was down 40 cents from the previous day @ $72.82 on July 3. The CME Fresh Bacon Index was down $1.34 from the week prior at $132.68/cwt. The USDA pork carcass cutout value was down $1.29 @ $71.88 on Monday afternoon. The Belly and butt primals were the only components reported higher. The national average base hog price was up 51 cents on Monday afternoon at $66.27. Monday’s estimated FI hog slaughter was 479,000 head. That was up 28,000 head from last Monday and 36,000 head larger than same week last year.

--provided by Brugler Marketing & Management

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