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Hogs in Red at Close

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The midweek session ended with lean hogs down $0.12 to $1.07. Cash prices continued rising, strengthening basis. The CME Lean Hog Index for September 14 was another $0.80 higher to $65.35. USDA’s National Average Afternoon Base Hog price for Wednesday was $1.91 higher to $60.88. In the ECB, USDA reported the regional base hog price at $62.23, compared to $59.01 in WCB. USDA’s National Pork Carcass Cutout value was quoted at $83.14, which was a $1.12 drop. The primal cuts were mostly lower, save for an 18 cent bump in bellies. USDA estimates WTD hog slaughter is at 1.4566 million head, down 13,000 head from the same week last year.

Oct 20 Hogs closed at $65.225, down $0.475,

Dec 20 Hogs closed at $61.975, down $1.075

Feb 21 Hogs closed at $67.750, down $0.950

--- provided by Brugler Marketing & Management

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