Piglets napping
Friday hog futures are trading 17 to 97 cents higher through midday. Feb ’23 contracts are the exception with a 10 cent pullback so far. USDA’s National Average Base Hog price was $115.32 for Friday morning, down by $2.62. The CME Lean Hog Index was down by 32 cents on 6/7 to $107.48.
Pork cutout futures are up triple digits at midday with $0.70 to $1.32 gains. USDA’s National Pork Carcass Cutout for Friday AM was $2.50 higher on strength in the bellies to $111.59. USDA estimates the federally inspected hog slaughter was 1.907m head for the week through Thursday.
Jun 22 Hogs are at $108.025, up $1.050,
Jul 22 Hogs are at $105.750, up $0.750
Jun 22 Pork Cutout is at $108.725, up $0.700,
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