Hogs Triple Digits Lower

Lean Hog futures are trading $1.127 to $2.875 lower at midday. Pork was left off a Chinese list of tariff exemptions of 16 US products. The CME Lean Hog Index was down another 76 cents at $62.99 on September 9. The USDA pork carcass cutout value FOB plant was up $1.25 on Wednesday morning at $73.16. The national average base hog value was $1.46 lower at $47.31. Estimated FI hog slaughter was 970,000 head through Tuesday, 40,000 head above the same week in 2018. We will have to have a number of weeks later this fall with 2.5-2.6 million head runs.

OCT 19 Hogs are at $59.850, down $2.875,

DEC 19 Hogs are at $60.425, down $1.350

FEB 20 Hogs are at $67.375, down $1.775

-- provided by Brugler Marketing & Management

Market Commentary provided by:

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