Lean Hogs Market News and Commentary

Lean Hog futures are mixed at midday, with June down 27.5 cents and July up a nickel. The CME Lean Hog Index was up 2 cents from the previous day @ $84.39 on May 21. The USDA pork carcass cutout value was up 28 cents at $85.11 on Thursday morning. The belly primal was the only one higher, up $11.41. The national average base hog was up $1.11 on Thursday, at an average weighted price of $80.33. Estimated FI hog slaughter is 1.41 million head through Wednesday. That was 29,000 head above the previous week and 35,000 above the same week last year. USDA reported weekly pork export sales of 46,279 MT during the week that ended on May 16, with 31,363 MT sold to China. Exports were shown at 24,081 MT.

Jun 19 Hogs are at $89.375, down $0.275,

Jul 19 Hogs are at $91.100, up $0.050

Aug 19 Hogs are at $92.175, unch,

--provided by Brugler Marketing & Management

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