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Hog Market Lower for Friday Midday

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After trading mixed on Thursday, the front month lean hog futures are all in the red at midday. Futures are down 52 cents to $1.00 so far, with July the weakest. The CME Lean Hog index was another $1.39 lower on May 20, at $64.59. Due to confidentiality, the USDA National Average Base Hog price was withheld for Friday morning. On Thursday, the National Average Base Hog price was $37.91, the 5-day rolling average is $36.68. The National Pork Carcass Cutout Value was $97.82 in the AM update, down by 3 cents. The primals were mixed with bellies the firmest. USDA estimated WTD hog slaughter at 1.580m head through Thurs.

Jun 20 Hogs are at $58.800, down $0.550,

Jul 20 Hogs are at $56.175, down $1.000

Aug 20 Hogs are at $54.300, down $0.975

--- provided by Brugler Marketing & Management

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