Lean Hogs Market Commentary

Lean hog futures finished Friday with losses of 70 to 95 cents in the front months, with Oct up 7.25% on the week. The CME Lean Hog Index was up $1.45 on September 19 to $57.44. The USDA pork carcass cutout value was 23 cents higher at $79.18 in the Friday afternoon report. The national base hog carcass value was up $1 @ $59.37 on Friday afternoon. Weekly FI hog slaughter through Saturday is estimated at 2.341 million head. That is up 26,000 head from last week but down 155,000 head from the same week last year. Money managers in lean hog futures and options added 6,249 contracts to their net long position of 21,825 contracts as of 9/18.

OCT 18 Hogs closed at $60.300, down $0.950,

DEC 18 Hogs closed at $57.400, down $0.875

FEB 19 Hogs closed at $64.925, down $0.700




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