Hogs Mixed at Midday

Lean Hog futures are mixed on Tuesday, with nearby contracts 32.5 cents to $1 lower and deferred contracts higher. The CME Lean Hog Index was down 19 cents from the previous day @ $79.27 on June 14. The USDA pork carcass cutout value was up $1.64 on Tuesday morning at $84.61. The rib was the only primal reported lower, with the belly up $9.07. The national average base hog was $1.37 lower at $74.77 per hundred pounds. Monday’s estimated FI hog slaughter was 467,000 head. That was down 4,000 from the previous week but 51,000 head above the same week in 2018. Vietnam’s ag ministry reported that the country had culled more than 2.5 million head of hogs so far in order to limit the spread of ASF.

Jul 19 Hogs are at $82.050, down $1.000,

Aug 19 Hogs are at $81.925, down $0.325

Oct 19 Hogs are at $76.800, up $0.025

--provided by Brugler Marketing & Management

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