Hogs Mixed Following Export Sales Data

Lean Hog futures are mixed on Thursday, with front months lower and deferred contracts higher. The CME Lean Hog Index was up 41 cents from the previous day @ $83.68 on May 14. The USDA pork carcass cutout value was 52 cents lower at $86.29 on Thursday morning. The rib primal was the leader to the down side, $29.76 lower. The national average base hog was not reported on Thursday morning due to confidentiality, with the 5-day rolling average at $81.38. Estimated weekly FI hog slaughter was 1.381 million head for the WTD through Wednesday. That was 34,000 head below the previous week but 8,000 above the same week last year. This morning’s Export Sales report showed just 10,480 MT of pork sales in the week of May 9, with reductions of 3,247 MT. Export Shipments were seen at 23,502 MT in that week.

Jun 19 Hogs are at $91.575, down $0.250,

Jul 19 Hogs are at $91.750, down $0.175

Aug 19 Hogs are at $92.750, up $0.125

--provided by Brugler Marketing & Management

Market Commentary provided by:

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