Lean Hogs Still Seeking Demand, Production Up Seasonally

Lean Hog futures were lower by 2 1/2 cents to 85 cents. The CME Lean Hog Index was up 89 cents to $58.72 on Oct 2. The USDA pork carcass cutout value was lower by 19 cents to $75.17 at Friday’s close. Primal cuts were mixed with ribs up $1.52 and bellies down $2.93. The national average base hog value was $0.12 higher on Friday, up to $49.14. FI weekly total estimated hog slaughter beat the same week last year’s total by 0.8% at 2.669 million head. Census pork exports during August totaled 508.59 million lbs after converting to USDA numbers. That was a record for August but 6.2% lower than July. -- provided by Brugler Marketing & Management

Market Commentary provided by:

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