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Lean Hogs Jul '18 (HEN18)

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Lean Hogs Futures Market News and Commentary

Hogs Higher on Wednesday

Lean Hog futures saw 15 cent to $1.30 gains in most contracts on Wednesday. The CME Lean Hog Index was down a penny from the previous day @ $79.26 on June 17. The USDA pork carcass cutout value was down a sharp $3.46 on Wednesday afternoon at $77.69. All primals were lower. The national average base hog was 79 cents higher at $76.49 per hundred pounds. This week’s estimated FI hog slaughter is 1.423 million head through Wednesday. That was up 2,000 from the previous week and well above the same week in 2018. Jul 19 Hogs closed at $81.625, up $0.150, Aug 19 Hogs closed at $83.000, up $1.300 Oct 19 Hogs closed at $77.450, up $0.850 --provided by Brugler Marketing & Management
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