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Wed, Sep 26th, 2018
[[ timeframe ]] futures price quotes as of Wed, Sep 26th, 2018.
[[ timeframe ]] futures price quotes, based on [[ timeframe ]] data.
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cmdty Insider - Ag Market Commentary

Wed Sep 26, 7:21AM CDT
Lean hog futures posted 45 cent to $1.425 gains in the front months on Tuesday. The CME Lean Hog Index was up $1.74 on September 21 to $60.85. The USDA pork carcass cutout value was 43 cents higher on Tuesday afternoon at $80.45. The national base hog carcass value was $1.90 higher in the Tuesday afternoon report at $62.50. Weekly FI hog slaughter through Tuesday was estimated at 944,000 head. That is up 106,000 head from last week and 23,000 head larger than the same week last year. President Trump signed the updated KORUS trade agreement with South Korea, extending zero duty US access to the South Korean market for a number of meat products.
Wed Sep 26, 7:21AM CDT
Live cattle futures ended the Turnaround Tuesday session with up to 25 cent gains. Feeder cattle futures were up 10 to 50 cents in the front months. The CME feeder cattle index on September 24 was up 49 cents at $157.83. Wholesale boxed beef values were lower on Tuesday afternoon. Choice boxes were down 43 cents to $205.73, while Select boxes were 52 cents higher at $194.87. The market is taking the buildup of unsold meat in the coolers in stride. USDA estimated FI cattle slaughter at 239,000 head through Tuesday. That is up 5,000 from last week and 3,000 head above the same week in 2017.
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