Lean Hogs Market Held on To Big Weekly Gain

Lean Hog futures ended Friday with $1.325 to $1.625 gains, as soon to expire July (Monday) was down 55 cents. August was up 4.67% on the week. The CME Lean Hog Index was down 12 cents from the previous day @ $70.65 on July 10. The USDA pork carcass cutout value was down 52 cents in the Friday PM report at $71.65. The often-volatile belly primal was down $6.15 after being $16.46 lower at noon. The national average base hog price was up 16 cents on Friday at $67.99. Estimated weekly FI hog slaughter was 2.415 million head through Saturday. That was well above the same week last year.

--provided by Brugler Marketing & Management

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