Hogs Showing Triple Digit Gains

Lean Hog futures are posting $1.40 to $2.35 gains on Wednesday. The CME Lean Hog Index was down 11 cents from the previous day on July 15 @ $70.63. The USDA pork carcass cutout value was up another $1.26 in the Wednesday AM report at $77.06. The belly was the only primal reported lower. The national average base hog price was a penny lower on Wednesday morning at $69.32. Estimated FI hog slaughter for Tuesday was 885,000 head. That was down 72,000 head from last week due to plant down time and 3,000 head below the same week last year.

AUG 19 Hogs are at $81.400, up $2.350,

OCT 19 Hogs are at $77.225, up $1.925

DEC 19 Hogs are at $75.075, up $1.725

--provided by Brugler Marketing & Management

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