Lean Hogs

Lean hog futures are 12.5 to 35 cents higher at midday. The CME Lean Hog Index for 7/11 was 16 cents higher than the previous day at $92.75. The USDA pork carcass cutout value was $2.27 lower in the Thursday morning report, with a weighted average of $103.55. All cuts were reported lower, as the rib primal was down $12.13. The national base hog carcass price was 58 cents lower with a weighted average of $86.26 in this morning’s report. FI hog slaughter through Wednesday was estimated at 1,314,000 head, 54,000 more than last year at this point. Pork export sales for 2017 came in at a marketing year low of 9,687 MT for the week of July 6, but were still 56.7% larger than that week last year.

Jul 17 Hogs are at $92.700, up $0.125,

Aug 17 Hogs are at $82.800, up $0.175

Oct 17 Hogs are at $69.625, up $0.350

Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

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