Pig with dirt on snout ear tagged
Lean hog futures are up another nickel to $1.60 as the nearby months continue to gain on the deferred contracts. USDA’s National Average Base Hog price was $5.82 stronger to $123.31. The CME Lean Hog Index was up 74 cents on 7/15.
Pork cutout futures are trading 30 cents to $2.15 higher, also led by the nearby fall contracts. USDA’s National Pork Carcass Cutout Value for Tuesday afternoon was up another $3.16 to $125.12. USDA’s estimated the FI hog slaughter at 460,000 head for Tuesday. That set the week’s kill at 909k head, compared to 926k head during the same week last year.
Aug 22 Hogs are at $114.450, up $1.625,
Oct 22 Hogs are at $95.700, up $1.200
Oct 22 Pork Cutout is at $106.825, up $1.300,
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