Hogs Higher on Friday

Lean Hog futures are trading 32.5 cents to $1.95 higher in most contracts on Friday. The CME Lean Hog Index was up 17 cents from the previous day on July 16 @ $70.79. The USDA pork carcass cutout value was up another 78 cents at $77.38. The belly and butt were the only primals lower. The national average base hog value was up 22 cents on Friday at $71.91. Estimated week to date FI hog slaughter is 1.820 million head. That was down 94,000 head from last week due to plant down time but 24,000 head larger than the same week last year.

AUG 19 Hogs are at $83.500, up $0.725,

OCT 19 Hogs are at $78.850, up $1.950

DEC 19 Hogs are at $76.675, up $1.400

--provided by Brugler Marketing & Management

Market Commentary provided by:

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