Lean Hogs

Lean hog futures are currently $1.25 to $1.45 lower in the front months at midday. The CME Lean Hog Index was up 59 cents from the previous day to $64.65 on May 11. The USDA pork carcass cutout value was down 29 cents at $73.26 on Tuesday morning. The national base hog weighted average price was 59 cents higher at $63.44 this morning. The USDA estimated FI hog slaughter at 459,000 head on Monday. That is 10,000 head more than last week and 19,000 above the same week in 2017.

Jun 18 Hogs are at $74.700, down $1.450,

Jul 18 Hogs are at $77.475, down $1.250

Aug 18 Hogs are at $77.100, down $1.275

Market Commentary provided by:

Brugler Marketing & Management LLC
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