Lean Hogs Market Commentary

Lean hog futures are currently 15 to 30 cents lower in the front months at midday. The CME Lean Hog Index was down $1.29 on August 8, to $61.88. The USDA pork carcass cutout value was down 38 cents from the previous day at $71.07 on Friday morning. The ham and belly primal cuts were both reported higher. The national base hog carcass value was down $1.05 in the Friday AM report, with the weighted average @ $44.88. USDA estimated Week to Date FI hog slaughter at 1.772 million head through Thursday. That is down 21,000 head from last week due to plant downtime but 47,000 head above the same week last year. The USDA supply and demand table for pork shows estimated pork production in 2018 at 26.71 billion pounds, down 35 million. The 2019 number was increased 175 million to 27.875 billion pounds.

Aug 18 Hogs are at $54.825, down $0.150,

Oct 18 Hogs are at $51.100, down $0.300

Dec 18 Hogs are at $47.075, down $0.250




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