Hogs Close Lower on Tuesday
BRUG - Tue Jun 11, 5:29PM CDT

Lean Hog futures settled with $1.375 to $2.95 losses on Tuesday, with soon to expire June down 20 cents. The CME Lean Hog Index was down 35 cents from the previous day @ $79.95 on June 7. The USDA pork carcass cutout value was down 30cents on Tuesday afternoon at $83.76. The national average base hog was up 60 cents at $75.30 per hundred pounds. This week’s estimated FI hog slaughter through Tuesday was 949,000 head. That is 5,000 head above last week and 58,000 head larger than the same week last year. On Tuesday morning, USDA trimmed 2019 pork production by 35 million pounds to 27.288 billion with the main reduction in the second and third quarters. They also increased expected 2019 exports by 220 million pounds to 6.466 billion.

Jun 19 Hogs closed at $79.075, down $0.200,

Jul 19 Hogs closed at $84.375, down $1.825

Aug 19 Hogs closed at $82.975, down $1.875

--provided by Brugler Marketing & Management




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