Lean Hogs Still Sorting Out Supply & Demand Trends

Lean Hog futures were down $1.47 to $3.67 on Monday. The CME Lean Hog Index was down 41 cents from the previous day @ $79.14 on June 20. The CME Fresh Bacon Index was down $1.93 in the week that ended on June 21 to $137.73/cwt. The USDA pork carcass cutout value was up 60 cents $77.33. The national average base hog price was down $0.34 on Monday afternoon at $73.51 per hundred pounds. Estimated Monday FI hog slaughter was 448,000 head. That was down 19,000 from the previous week but 14,000 more than the same Monday in 2018. Chinese pork imports from all origins during May totaled 187,459 MT, the largest monthly total since August 2016. --provided by Brugler Marketing & Management

Market Commentary provided by:

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Phone: 402-697-3623
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E-mail: alanb@bruglermktg.com
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