Hog Traders Get Export Sales Data

Front month lean hog futures closed the midweek session $0.57 to $1.32 weaker. Deferred contracts ended 7 to 30 cents in the red. USDA’s National Average Base Hog price for Wednesday was 43 cents stronger in the PM report to $117.28. The CME Lean Hog Index was 41 cents higher to $107.80 on 6/6.  Export Sales data from FAS will be out shortly. 

Pork cutout futures ended the day with $0.50 to $3.17 losses. USDA’s National Pork Carcass Cutout was $104.47 in the PM report, that was a $3.36 drop led by a $27.95 drop in bellies. USDA’s estimate for FI hog slaughter was 1.431m head for the week through Wednesday. That is up from last week’s Memorial Day afflicted light kill, but trails the same week last year by 15,000 head. 

Jun 22 Hogs  closed at $107.850, down $0.575,

Jul 22 Hogs  closed at $107.950, down $1.325

Jun 22 Pork Cutout  closed at $109.850, down $0.975,