Lean Hogs

Lean hog futures saw 22.5 to 65 cent losses in most contracts on Friday. The CME Lean Hog Index was up another 65 cents to $85.79 on June 20. The USDA pork carcass cutout value was reported at $85.64 on Friday afternoon, up 60 cents. The national base carcass price was down $1.61 in the Friday PM report, averaging 79.97. The USDA estimated FI hog slaughter at 2.168 million head for this week. That is down 47,000 head from last week, but up 13,000 head from a year ago. This afternoon’s cold storage report for the end of May showed pork stocks at 621.736 million pounds, down 2.05% from April but up 5.7% from last year. Belly stocks were down 3.9% from last month at 61.188 million pounds.

Jul 18 Hogs closed at $79.825, down $0.650,

Aug 18 Hogs closed at $75.375, down $0.350

Oct 18 Hogs closed at $61.300, down $0.225




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