Lean Hogs Market Commentary

Lean hog futures were up 60 cents to $1.125 on the day. The CME Lean Hog Index was down $1.47 on August 13, to $56.81, as was anticipated by the expired August futures. The USDA pork carcass cutout value was down $1.25 from the previous day at $68.49 on Wednesday afternoon. The national base hog carcass value was down 55 cents in the Wednesday PM report, with the weighted average @ $42.23. USDA estimated weekly hog slaughter at 1.403 million head through Wednesday. That is up 93,000 head from last week, and 57,000 head above the same week last year.




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