Lean Hogs Under Pressure on Trade Uncertainty
BRUG - Mon May 13, 7:26AM CDT

Lean Hog futures were steady to 60 cents lower in the front months on Friday, with deferred contracts higher. June was down $3.32 last 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. 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. USDA’s initial 2020 US pork production projection is 28.285 billion pounds.

--provided by Brugler Marketing & Management




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