Hogs Posting Triple Digit Gains at Midday

Lean Hog futures are trading $1.50 to $2 higher on Monday. The CME Lean Hog Index was down 32 cents at $79.02 on August 15. The Fresh Bacon Index was up $19.70 in the week ending 8/16 at $219.02/cwt. The USDA pork carcass cutout value was up 38 cents on Monday morning at $86.64. The national average base hog value was down $2.27 in the Monday morning report at $67.55. CFTC data showed spec funds in lean hog futures and options trimmed their long position by 6928 contracts to 34, 050 as of Tuesday. Estimated weekly FI hog slaughter was 2.457 million head last week, a 143,000 head increase from the previous week and 38,000 head more the same week a year ago.

OCT 19 Hogs are at $64.000, up $2.000,

DEC 19 Hogs are at $62.800, up $2.025

FEB 19 Hogs are at $69.525, up $1.500

--- provided by Brugler Marketing & Management

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