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Lean hog futures posted $1.125 to $1.35 losses in the front months on Thursday. The CME Lean Hog Index was up $1.44 from the previous day to $60.44 on April 24. The USDA pork carcass cutout value was down 64 cents at $67.85 this afternoon. The national base hog weighted average price was 2 cents higher at $58.32. The USDA estimated FI weekly hog slaughter at 1.859 million head through Thursday. That is 1,000 head above last week and 89,000 head above the same week in 2017. Weekly pork export sales were 26,361 MT in the USDA report this morning. That is 14.8% larger than last year and up 47.1% from last week. Pork export shipments were up 54.6% from last week to 24,958 MT.May 18 Hogs closed at $67.325, down $1.225,Jun 18 Hogs closed at $74.000, down $1.350Jul 18 Hogs closed at $77.300, down $1.125
Live cattle futures ended the day with most contracts lower as April was up 60 cents ahead of Monday’s expiration. Feeder cattle futures were also lower, with April expiring at $140.175. The CME feeder cattle index was up $1.29 on April 25 at $139.49. Wholesale boxed beef values were higher on Thursday afternoon. Choice boxes were up $1.62 at $220.15, with Select boxes $1.33 higher at $204.48. Estimated week to date FI cattle slaughter was 474,000 head. That is 4,000 head above the previous week and up 5,000 head from the same week in 2017. Export sales of beef for the week of 4/19 were reported at 18,539 MT, down 6.9% from a week ago and 12.6% from last year at this time. Shipments of beef were shown at 15,724 MT, up 3.21% from last week and 15% larger than last year.Apr 18 Cattle closed at $122.525, up $0.600,Jun 18 Cattle closed at $104.350, down $1.225,Aug 18 Cattle closed at $104.025, down $1.250,Apr 18 Feeder Cattle closed at $140.175, up $0.325May 18 Feeder Cattle closed at $140.300, down $1.050Aug 18 Feeder Cattle closed at $146.500, down $0.925