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Hogs Post Gains on Friday

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Lean Hog futures settled with 42.5 cent to $2.025 gains in most contract on Friday, as Aug was up 4% this week. The CME Lean Hog Index was up 17 cents from the previous day on July 16 @ $70.79. The USDA pork carcass cutout value was up another $1.93 at $78.53. The picnic and butt were the only primals lower. The national average base hog value was up 79 cents on Friday at $72.48. Estimated week to date FI hog slaughter is 2.303 million head. That was down 107,000 head from last week and 75,000 head below than the same week last year on lighter Saturday slaughter.

AUG 19 Hogs closed at $83.875, up $1.100,

OCT 19 Hogs closed at $78.925, up $2.025

DEC 19 Hogs closed at $76.750, up $1.475

--provided by Brugler Marketing & Management

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