Lean Hogs Market Mixed on Slower Export Pace
BRUG - Thu Apr 18, 12:13PM CDT

Lean Hog futures are mixed, with various contracts 60 cents lower to 80 cents higher at midday. May is creeping higher on a firmer tone in the CME Index. The CME Lean Hog Index was up 40 cents from the previous day @ $80.24 on April 16. The USDA pork carcass cutout value was 1 cent below yesterday at $86.99 in the AM FOB Plant report. WCB cash hogs were $2.15 lower this morning with a weighted average of $75.40. Estimated week to date FI hog slaughter was 1.381 million head through Wednesday, down 45,000 from the previous week and 3,000 below last year. USDA reported pork export sales for the week ending April 11 were 40,300 MT. That’s still a big number, but down 56% from the shocker the previous week. Chinese purchases slowed to 23,500 MT. Pork shipments to China were similar to the previous week at 4,500 MT.

May 19 Hogs are at $89.725, up $0.800,

Jun 19 Hogs are at $96.150, up $0.025

Jul 19 Hogs are at $100.200, down $0.425

--provided by Brugler Marketing & Management

Market Commentary provided by:

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