Lean Hogs Market Commentary

Lean hog futures ended the Friday session with most contracts 15 to 72.5 cents higher. The CME Lean Hog Index was up $1.49 cents on September 12 to $50.08. It appears the seasonal bottom is in place, with a second risk period in late October or November. The USDA pork carcass cutout value was $3.48 higher at $74.53 in the Friday afternoon FOB plant report. The belly was up $7.66, and all other cuts reported higher. The national base hog carcass value was down 30 cents @ $48.96 this afternoon. Weekly FI hog slaughter through Saturday was estimated at 2.315 million head, down 145,000 head from the same week last year.

Oct 18 Hogs closed at $56.225, up $0.550,

Dec 18 Hogs closed at $56.650, up $0.725

Feb 19 Hogs closed at $65.675, up $0.325

Market Commentary provided by:

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