Hogs Weaker in Midday

Lean Hog futures are lower at midday. October is down $2.15 and deferred months weaker $1.55 to $2.125. The CME Lean Hog Index was down $1.97 at $77.89 on August 14. USDA showed pork export sales of 20,393 MT in the week of August 8, with 10,211 MT sold to China. Shipments were 26,413 MT, as 6,835 MT was headed to China. China’s hog herd in July was down 32% from July 2018 according to official sources. The USDA pork carcass cutout value was down .41 cents on Friday midday at $87.823. The national average base hog value was 1.23 cents lower in the Friday morning report at $68.91. Estimated week to date FI hog slaughter is 1.900 million head, a 48,000 head increase from the previous week and 43,000 head more the same week a year ago.

OCT 19 Hogs are at $62.850, down $2.150,

DEC 19 Hogs are at $61.625, down $2.125

FEB 19 Hogs are at $68.700, down $1.550

--- provided by Brugler Marketing & Management

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