Lean Hogs Market Commentary

Lean hog futures were mixed on Tuesday with front month Oct up 30 cents and other contracts lower. The CME Lean Hog Index was up 5 cents on October 5 to $69.36. The USDA pork carcass cutout value was 13 cents higher on Tuesday afternoon at $79.06. The national base hog carcass value was 8 cents higher on Tuesday afternoon at $63.45. FI hog slaughter was estimated at 943,000 head WTD through Tuesday. That is up 16,000 head from last week and 24,000 head above than the same week last year. August pork exports were a monthly record 437.675 million pounds according to Census data converted by the USDA. That was 4.7% larger than last year and up 3% from July.

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Market Commentary provided by:

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