Lean hog futures are 15 cents higher in October, but 5 to 45 cents weaker in the other nearby futures. USDA reported the National Average Base Hog price 70 cents weaker on Wednesday morning to $99.38. The CME Lean Hog Index increased another $1.36 to $97.43 for 7/6. Â
Pork cutout futures closed with triple digit gains of as much as $3.42. The Pork Carcass Cutout Value was quoted at $109.02 in the AM report, down by $2.97. The bellies backed off by $17.76 to $149.67. Federally inspected hog slaughter was estimated at 470k head for Tuesday. After revising Monday’s kill lower, that set the week’s running total at 930k head. Â
Jul 23 Hogs  are at $101.175, down $0.100,
Aug 23 Hogs  are at $96.700, down $0.875
Jul 23 Pork Cutout  is at $109.650, up $1.875,
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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