Hogs Lower at Wednesday’s Close

Lean Hog settled Wednesday with 12.5 to 45 cents losses. The CME Lean Hog Index was down 22 cents from the previous day @ $84.37 on May 20. The USDA pork carcass cutout value was down $2.24 at $84.83 on Wednesday afternoon. The rib primal was down $13.06, with the belly $4.92 lower. The national average base hog was down $1.59 on Wednesday, at an average weighted price of $79.27. This week’s estimated FI hog slaughter is 1.41 million head through Wednesday. That was 29,000 head above the previous week and 35,000 above the same week last year. NASS reported 621.87 million pounds of pork stocks on April 30 in their monthly Cold Storage report this afternoon. That was down 2.02% from a year ago and up 2.22% from March, which is seasonal. Belly stocks were down 5.33% from last year at 61.123 million pounds.

Jun 19 Hogs closed at $89.650, down $0.450,

Jul 19 Hogs closed at $91.050, down $0.325

Aug 19 Hogs closed at $92.175, down $0.300

--provided by Brugler Marketing & Management

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