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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 were just shy of limit gains on Thursday, with most front months $2.60 to $2.975 higher. The CME Lean Hog Index was down 30 cents from the previous day @ $54.13 on February 19. The USDA pork carcass cutout value was up $1.06 on Thursday afternoon at an average weighted price of $61.23. The belly primal was up $9.56. The national base cash hog carcass value was down $1.53 in the PM report, with a weighted average of $46.37. USDA estimated weekly FI hog slaughter at 1.890 million head through Thursday. That was up 59,000 head from the previous week and 91,000 above the same week last year. --provided by Brugler Marketing & Management
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