Lean Hogs

Lean hog futures finished the day with most contracts 97.5 cents to $1.75 lower. Soon to expire July was up 27.5 cents, staying close to cash. The CME Lean Hog Index was down 25 cents on July 9, to $81.67. The USDA pork carcass cutout value was down 50 cents on Wednesday afternoon at $83.60. The rib and belly primal cuts were the only ones reported higher. The national base carcass price was down 30 cents from the previous day, reported at $75.88. USDA estimated FI hog slaughter at 1.357 million head through Wednesday, 39,000 head above last year.

Jul 18 Hogs closed at $79.775, up $0.275,

Aug 18 Hogs closed at $68.800, down $0.975

Oct 18 Hogs closed at $52.025, down $1.750

Market Commentary provided by:

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