Hogs Higher at Midday

Lean Hog futures are mostly $1.30 to $1.85 higher on Friday, with soon to expire July (Monday) down 40 cents. The CME Lean Hog Index was down 12 cents from the previous day @ $70.65 on July 10. The USDA pork carcass cutout value was down $1.81 in the Friday AM report at $70.36. The often-volatile belly primal led the way downward, $16.46 lower. The national average base hog price was down $1.49 on Friday at $66.34. Estimated week to date FI hog slaughter was 1.914 million head through Thursday. That was 99,000 head larger than same week last year.

JUL 19 Hogs are at $71.200, down $0.400,

AUG 19 Hogs are at $80.500, up $1.325

OCT 19 Hogs are at $73.450, up $1.850

--provided by Brugler Marketing & Management

Market Commentary provided by:

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