The front month hog futures market was mostly triple digits lower at the close. July ended the day on a 97 cent loss, while the other front months were $1.15 to $1.30 in the red. The USDA National Average Base Hog price was $1.45 stronger in the PM report at $80.43. The CME Lean Hog Index was 71 cents higher to $79.13 on 5/18.Â
Pork cutout futures settled $0.87 to $1.10 lower on Monday. USDA’s National Pork Carcass Cutout Value for Monday afternoon was 39 cents $1.30 higher to $84.77. Bellies were up by $9.62 to $85.11. CME’s Fresh Bacon Index was 68 cents higher at $106.62 for the week that ended 5/19. Mondy’s FI hog slaughter was estimated at 473k head. That is up from 464,000 last week and from 462,000 during the same week last year.Â
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Jun 23 Hogs  closed at $81.825, down $1.200,
Jul 23 Hogs  closed at $82.150, down $0.975
Jun 23 Pork Cutout  closed at $85.800, down $1.050,
On the date of publication, Alan Brugler did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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