Lean Hogs Jun '19 (HEM19)
Lean Hogs Futures Market News and Commentary
Lean hog futures finished the day with losses of $0.37 to $1.45 in the front months. The 11/12 CME Lean Hog Index was up 61 cents to $59.55. The afternoon pork carcass cutout value from USDA was only 2 cents lower. The biggest moves for the primal cuts were by picnics (down $2.18) and ribs (up $1.93). The national average base hog price 4 cents lower this afternoon at $42.20. China lifted their ban on U.S. poultry imports in an announcement this afternoon. The USDA estimated weekly FI hog slaughter as of 11/14 was 1.916 million head; that is 49,000 head behind last week’s pace.
DEC 19 Hogs closed at $62.750, down $0.375,
FEB 19 Hogs closed at $73.375, down $1.175
APR 20 Hogs closed at $80.300, down $1.450
--provided by Brugler Marketing & Management
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