Lean Hog Bulls Still Lack Traction

Lean Hog futures were 97.5 cents to $1.675 lower in the nearby contracts on Wednesday. The CME Lean Hog Index was down 56 cents at $77.99 on August 19. The USDA pork carcass cutout value was up 72 cents on Wednesday morning at $84.63. The national average base hog value was down $2.18 in the Wednesday AM report at $66.89. By region, IA/MN was down $2.75, with the WCB $4.70 lower. Estimated weekly FI hog slaughter through Tuesday was 1.444 million head, a 27,000 head increase from the previous Tuesday and 60,000 head more than the same Wednesday a year ago.

--- provided by Brugler Marketing & Management




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