Hogs Mixed Despite Solid Export Sales Data

Lean Hog futures were mixed at Thursday, with the front months down 10 to 22.5 cents and deferred contracts slightly higher. The CME Lean Hog Index was up 2 cents from the previous day @ $84.39 on May 21. The USDA pork carcass cutout value was down $2.21 at $82.62 on Thursday afternoon. All primals were reported lower. The national average base hog was up 98 cents on Thursday, at an average weighted price of $80.20. Estimated FI hog slaughter is 1.882 million head through Thursday. That was 37,000 head above the previous week and 53,000 above the same week last year. USDA reported weekly pork export sales of 46,279 MT during the week that ended on May 16, with 31,363 MT sold to China. Exports were shown at 24,081 MT.

Jun 19 Hogs closed at $89.425, down $0.225,

Jul 19 Hogs closed at $90.950, down $0.100

Aug 19 Hogs closed at $92.300, up $0.125

--provided by Brugler Marketing & Management

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