Lean Hogs

Lean hog futures were down 40 cents to $2.125 yesterday. The CME Lean Hog Index for 9/8 was $1.02 lower than the previous day at $67.92. The USDA pork carcass cutout value was $1.67 lower at $80.41 in the PM report. The belly primal was down another $4.48 per cwt. The national base hog carcass was down $1.17 in the PM report at 55.99. Estimated FI hog slaughter was 901,000 through Tuesday, 22,000 larger than the same week in 2016. Estimated annual pork production for 2017 was raised 35 million pounds by the USDA yesterday to 25.841 billion pounds.




Market Commentary provided by:

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