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Tue, Jan 16th, 2018
[[ timeframe ]] futures price quotes as of Tue, Jan 16th, 2018.
[[ timeframe ]] futures price quotes, based on [[ timeframe ]] data.
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20 minutes ago
Lean hog futures were mixed on Friday, with most front months 12.5 to 60 cents higher and a few deferred contracts lower. The CME Lean Hog Index was up $1.18 on January 10 at $68.46. The USDA pork carcass cutout value was up 77 cents at $79.81 in the Friday afternoon report. The national base hog weighted average price was down 45 cents to $69.45. The USDA week to date FI hog slaughter is estimated at 2,450,000 head through Saturday. Pork production for 2017 was totaled at 25.585 billion pounds in this morning’s USDA supply and demand table. That was moved by a 25 million pound increase in the fourth quarter. Production for 2018 is projected at 26.960 billion pounds, up 45 million pounds from the previous report.
20 minutes ago
Live cattle futures closed 25 to 92.5 higher on Friday. Feeder cattle futures were a dime to $1.275 higher. The CME feeder cattle index on January 11 was $146.80, down $2.01 from the previous day. Wholesale boxed beef values were lower on Friday afternoon. Choice boxes averaged 84 cents lower at $208.23, with Select boxes $1.31 per cwt at $201.64. Estimated weekly FI cattle slaughter is 611,000 head through Saturday. That is 2,000 head more than the same week last year. Quarterly beef production was given a 130 million pound downward adjustment for the fourth quarter of 2017 to 6.74 billion pounds. Total production for 2017 was shown at 26.175 billion pounds, with USDA estimating 2018 up 170 million at 27.760 billion pounds.
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