Hogs Mixed on Friday
BRUG - Fri May 10, 5:26PM CDT

Lean Hog futures were steady to 60 cents lower in the front months, with deferred contracts higher. June was down 3.32T this week. The CME Lean Hog Index was up 8 cents from the previous day @ $82.76 on May 8. The USDA pork carcass cutout value was down 66 cents at $86.16 on Friday afternoon. The national average base hog was $80.80 on Friday, up 28 cents from the previous day. Estimated weekly FI hog slaughter was 2.341 million head through Saturday. That was 41,000 head below the previous week but 35,000 above the same week last year. Pork exports during March were reported at 515.412 million pounds according to Census data. That was a jump of 13.9% mo/mo but down 4.2% from last year’s March record. Pork production for 2019 was down just 2 million pounds from last month to 27.323 billion in this morning’s USDA estimate. Their initial 2020 production projection is 28.285 billion pounds.

May 19 Hogs closed at $83.750, unch,

Jun 19 Hogs closed at $89.675, down $0.325

Jul 19 Hogs closed at $90.750, down $0.225

--provided by Brugler Marketing & Management

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