Lean Hogs
Lean hog futures ended Thursday 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 rib primal was quoted $12.32 lower. 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 shipments came in at 14,896 MT, as total commitments YTD are 7.3% above this time last year.

Market Commentary provided by:

Brugler Marketing & Management LLC
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