Lean Hogs To Have Expanded Limits Today

Lean Hog futures were down $1.90 in Oct and had December limit down on Monday. We will see expanded limits of $4.50 for Tuesday. 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 of US pork 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 closed Monday $2.58 higher at $77.75. Primal cuts were mostly higher with ribs down 39 cents. The national average base hog value was 8 cents lower on Friday, at $49.02. FI hog slaughter for Monday was estimated at 489,000 head by the USDA, even with last week and 16,000 head above the same day a year ago.

-- provided by Brugler Marketing & Management

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