Lean Hogs Market Cancels Out Most of Friday Loss
BRUG - Tue Jun 11, 7:28AM CDT

Lean Hog futures closed $1.60 to $2.725 higher in most contracts on Monday, with soon to expire June up 62.5 cents. The CME Lean Hog Index was down 26 cents from the previous day @ $80.30 on June 6. The CME Fresh Bacon Index was down $10 from the week previous on June 7 at $143.20. The USDA pork carcass cutout value was up 98 cents Monday afternoon at $84.06. The butt and belly were the only primals lower, both down 51 cents. The national average base hog was down 62 cents at $75.27 per hundred pounds. Estimated FI hog slaughter for Monday was 477,000 head. That is 10,000 head above last week and 33,000 head larger than the same Monday last year.

--provided by Brugler Marketing & Management

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