Losses for Lean Hogs to Start the Week

Lean Hog futures are down $1.37 to $2.90 at midday. A total of 93.352 million lbs of pork was shipped to China during August, which was 18.4% of the total shipments. So far this year 427.231 million lbs have been exported to China, which is up 90.9% vs. last year through August. The CME Lean Hog Index was up 51 cents to $59.23 on Oct 3. Monday’s USDA pork carcass cutout value was up $3.26 to $78.43 at midday. Primal cuts are mostly higher with ribs down 18 cents. The national average base hog value was 8 cents lower on Friday, at $49.02. FI weekly total estimated hog slaughter beat the same week last year’s total by 0.8% at 2.669 million head.

OCT 19 Hogs are at $61.025, down $1.375,

DEC 19 Hogs are at $64.325, down $2.925

FEB 20 Hogs are at $71.650, down $2.825

-- provided by Brugler Marketing & Management

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