Hogs Lower on Thursday

Lean Hog futures are down 40 to 95 cents in the nearby contracts on Thursday. The CME Lean Hog Index was down 59 cents at $77.40 on August 20. The USDA pork carcass cutout value is down $1.13 on Thursday morning at $84.63. The national average base hog value was down $0.26 in the Wednesday AM report at $66.63. Estimated weekly FI hog slaughter through Wednesday was 1.444 million head, a 27,000 head increase from the previous week and 60,000 head more than the same week a year ago. USDA showed pork export sales of 18,491 MT in the week of August 15. Shipments were at 24,440 MT, with 7,100 MT off to Mexico and 6,900 MT shipped to China.

OCT 19 Hogs are at $62.600, down $0.700,

DEC 19 Hogs are at $61.875, down $0.800

FEB 19 Hogs are at $68.875, down $0.950

--- provided by Brugler Marketing & Management




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