Lean Hogs

Lean hog futures settled the day with 25 to 57.5 cent gains on Thursday. The CME Lean Hog Index was up another $1.09 to $85.14 on June 19. The USDA pork carcass cutout value was reported at $85.04 on Thursday afternoon, up 16 cents. The national base carcass price was down 81 cents in the Thursday PM report, averaging $81.74. The USDA estimated FI hog slaughter at 1.744 million head so far this week. That is down 38,000 head from last week on lower Monday slaughter but up 9,000 head from a year ago. Export sales of pork were reported at 9,562 MT this morning. Export shipments of pork in the week of 6/14 totaled 19,477 MT.

Jul 18 Hogs closed at $80.475, up $0.450,

Aug 18 Hogs closed at $75.725, up $0.575

Oct 18 Hogs closed at $61.525, up $0.250

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