Hogs Close Mostly Lower on Thursday

Lean Hog futures were lower in most contracts on Thursday, with August up 15 cents. The CME Lean Hog Index was up 17 cents from the previous day on July 16 @ $70.79. The USDA pork carcass cutout value was up another 12 cents in the Thursday PM report at $76.60. The belly primal was up $3.68 after showing $18.64/cwt gains in the AM report. The national average base hog value was up 71 cents on Thursday at $72.24. Estimated FI hog slaughter through Wednesday was 1.820 million head. That was down 94,000 head from last week due to plant down time and 24,000 head larger than the same week last year. The weekly Export Sales report showed 30,107 MT of pork sold in the week of 7/11, with Mexico at 8,800 MT and Taiwan buying 8,200 MT. Shipments were tallied at 36,761 MT, as 9,910 MT was headed to China.

AUG 19 Hogs closed at $82.775, up $0.775,

OCT 19 Hogs closed at $76.900, down $0.925,

DEC 19 Hogs closed at $75.275, down $0.45,

--provided by Brugler Marketing & Management

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