Lean Hogs Market Commentary

Lean hog futures posted 65 cent to $1.525 gains in most contracts. The CME Lean Hog Index was up 55 cents on September 10 to $47.55. The USDA pork carcass cutout value was $162 higher @ $70.86 in the Wednesday afternoon FOB plant report. The national base hog carcass value was $1.46 higher @ $47.48 this afternoon. FI hog slaughter through Wednesday was estimated at 1.338 head, down 31,000 head from the same week last year as plants along the East Coast prepare for Hurricane Florence. Projected pork production for 2018 was trimmed by 35 million points in this morning’s WASDE to 26.675 billion pounds, on lower third quarter production.

Oct 18 Hogs closed at $55.800, up $1.325,

Dec 18 Hogs closed at $55.625, up $1.525

Feb 19 Hogs closed at $64.700, up $1.375

Market Commentary provided by:

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