Lean Hogs Mixed at Midday

Lean Hog futures are mixed at midday, with nearby contracts higher and deferred contracts lower. The CME Lean Hog Index was up another 53 cents from the previous day @ $82.07 on April 22. The USDA pork carcass cutout value was 87 cents higher in the Wednesday morning report, at $89.79. The national average base hog was at $80.57 on Wednesday, UNCH from the day prior. Estimated FI hog slaughter for this week is 799,000 head through Tuesday. That was down from last year and the week prior due to Monday’s plant down time.

May 19 Hogs are at $88.825, up $1.000,

Jun 19 Hogs are at $92.500, up $0.125

Jul 19 Hogs are at $97.175, down $0.025

--provided by Brugler Marketing & Management

Market Commentary provided by:

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