Lean Hogs

Lean hog futures ended the day with the front months a dime lower to 77 cents higher. 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 $2.15 lower in the Thursday afternoon report, with a weighted average of $103.67. The loin was the only cut reported higher, as the rib primal was down $12.32. The national base hog carcass price was 6 cents lower with a weighted average of $86.78 in this afternoon’s report. FI hog slaughter through Thursday was estimated at 1,754,000 head, 62,000 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. Shipments came in at 14,896 MT.

Jul 17 Hogs closed at $92.750, up $0.175,

Aug 17 Hogs closed at $82.525, down $0.100

Market Commentary provided by:

Brugler Marketing & Management LLC
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Phone: 402-697-3623
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