Hogs Mixed on Monday

Lean Hog futures are mixed at midday, with front months lower and deferred contracts higher. July expires today. August was up 4.67% last week. The CME Lean Hog Index was up 8 cents from the previous day @ $70.73 on July 11. The CME Fresh Bacon Index was down 60 cents from the week prior at 132.08 on July 12. The USDA pork carcass cutout value was down 56 cents in the Monday AM report at $71.09. The national average base hog price was down $1.64 on Monday at $66.44. Estimated weekly FI hog slaughter was 2.415 million head through Saturday. That was well above the same week last year.

JUL 19 Hogs are at $70.750, down $0.300,

AUG 19 Hogs are at $80.150, down $0.500

OCT 19 Hogs are at $73.500, up $0.275

--provided by Brugler Marketing & Management

Market Commentary provided by:

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