Front month lean hog futures closed the week’s last trade day with a 15 cent gain in June to $0.37 to $1.70 losses in the other nearbys. June hogs closed down by 20 cents from week to week. USDA’s National Average Base Hog price for Friday afternoon was $112.09 after a $3.13 dip. CME’s Lean Hog Index for 6/1 was 12 cents higher at $105.03.
Pork cutout futures on the board went into the weekend with Friday losses of $0.47 to $1.50. USDA reported Friday’s National Pork Carcass Cutout value at $109.38 after fading $2.64. Bellies dropped $16.66 on Friday afternoon to $160.53. USDA’s estimated hog slaughter under federal inspection was 2.044m head for the week through Saturday. The YTD kill is estimated at 53.052m head, down 4.6% yr/yr.
Jun 22 Hogs closed at $110.200, up $0.150,
Jul 22 Hogs closed at $110.750, down $1.425
Jun 22 Pork Cutout closed at $114.025, down $0.475,
/Quantum%20Computing/A%20concept%20image%20showing%20a%20ray%20of%20light%20passing%20through%20cyberspace_%20Image%20by%20metamorworks%20via%20Shutterstock_.jpg)
/Super%20Micro%20Computer%20Inc%20HQ%20photo-by%20Tada%20Images%20via%20Shutterstock.jpg)