Hogs Higher at Wednesday’s Close

Lean Hog futures saw sharp $2.25 to $2.65 gains in the front months on Wednesday, with July up 37.5 cents. The CME Lean Hog Index was down 67 cents from the previous day @ $71.25 on July 8. The USDA pork carcass cutout value was down $2.17 in the Wednesday PM report at $71.60. The picnic and rib primals were slightly higher, with the belly $9.32 lower. The national average base hog price was up 64 cents on Wednesday at $67.60. Estimated week to date FI hog slaughter was 1.435 million head. That was up 24,000 head from last week and 76,000 head larger than same week last year.

JUL 19 Hogs closed at $71.750, up $0.375,

AUG 19 Hogs closed at $81.725, up $2.650

OCT 19 Hogs closed at $73.250, up $2.250

--provided by Brugler Marketing & Management

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