Lower Lean Hogs at Midday

Front month lean hog futures are down by as much as 85 cents in the nearbys. The July and August contracts are the exceptions with a nickel and 17 cent gain respectively. USDA’s National Average Base Hog price for Friday morning was $3.40 weaker to $115.27. The CME Lean Hog Index for 7/12 was $112.82 up another 25 cents.   

Pork cutout futures are mostly higher through midday, with the Oct contract down by 32 cents.  USDA’s National Pork Carcass Cutout Value for Friday morning is up by $4.50 on strong primal cuts to $123.01. USDA estimated the week’s FI hog slaughter at 1.797 million head through Wednesday. That is down 51,000 head from the same week last year. 

Jul 22 Hogs  are at $114.975, up $0.050,

Aug 22 Hogs  are at $109.750, up $0.175

Aug 22 Pork Cutout  is at $114.275, up $0.650,