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Lean Hogs Apr '19 (HEJ19)

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Lean Hogs Futures Market News and Commentary

Lean Hogs Market News and Commentary

Lean Hog futures posted sharp losses in the nearby contracts, with April using the expanded limits today. Some deferred contracts were slightly higher. The CME Lean Hog Index was down 31 cents from the previous day @ $54.43 on February 18. The USDA pork carcass cutout value was up 26 cents on Wednesday afternoon at an average weighted price of $60.17. The national base cash hog carcass value was down 28 cents in the PM report, with a weighted average of $47.90. USDA estimated weekly FI hog slaughter at 1.415 million head through Wednesday. That was up 54,000 head from the previous week and 76,000 above the same week last year.Apr 19 Hogs closed at $52.975, down $3.550,May 19 Hogs closed at $63.025, down $2.425Jun 19 Hogs closed at $72.750, down $0.975 --provided by Brugler Marketing & Management
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