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Hogs Trade Higher on Tuesday

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Lean hog futures are trading mixed but mostly higher at midday. June hogs are down by 15 cents so far, but the other front months are gaining $0.37 to $1.06 so far in the front months. The CME Lean Hog index for June 26 was unch at $45.23. The National Average Base Hog price was $28.34, up by 3 cents this morning. USDA’s National Pork Carcass Cutout Value was $1.61 lower to $63.60 on weakness in bellies. USDA estimated Monday’s FI hog slaughter at 468,000 head. That is 19k head more wk/wk, and 12,000 head above the same Monday from last year.

Jul 20 Hogs are at $45.225, down $0.150,

Aug 20 Hogs are at $48.825, up $0.375

Oct 20 Hogs are at $48.250, up $0.825

--- provided by Brugler Marketing & Management

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