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 volatile belly component $9.32 lower after gaining earlier in the week. 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.
--provided by Brugler Marketing & Management