Hogs Showing Sharp Losses at Midday

Lean Hog futures are nearing limit losses in the front months on Friday. According to state media, China is progressing in finding an ASF vaccine, as they start working on clinical trials. There is not time table as of yet. The CME Lean Hog Index was up 2 cents from the previous day @ $84.36 on May 22. The USDA pork carcass cutout value was up 90 cents at $83.52 on Friday morning. The butt was the only primal reported lower. The national average base hog was down a sharp $2.52 on Friday, at an average weighted price of $77.96. Estimated FI hog slaughter is 1.882 million head through Thursday. That was 37,000 head above the previous week and 53,000 above the same week last year.

Jun 19 Hogs are at $86.450, down $2.975,

Jul 19 Hogs are at $88.075, down $2.875

Aug 19 Hogs are at $89.775, down $2.525

--provided by Brugler Marketing & Management




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