Lean Hogs

Lean hog futures posted 57.5 cent to $1.575 losses in most contracts on Wednesday. The CME Lean Hog Index was down $1.40 on August 6, to $66.64. The USDA pork carcass cutout value was down $1.08 from the previous day at $70.97 on Wednesday afternoon. The picnic was the only primal reported higher. The national base hog carcass was down $2.16 on Wednesday afternoon, with the weighted average totaling $47.70. USDA estimated Week to Date FI hog slaughter at 1.31 million head through Wednesday. That is down 33,000 head from last week due to plant downtime but 30,000 head above the same week last year.

Aug 18 Hogs closed at $54.800, down $1.000,

Oct 18 Hogs closed at $48.400, down $1.575

Dec 18 Hogs closed at $44.375, down $1.250

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