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Hogs Finding Friday Strength

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Midday lean hog futures are trading $0.82 to $2.40 higher on the last trading day of the week. Pork Cutout futures are also recovering triple digits through midday. The CME Lean Hog Index for the 18th was another 55 cents weaker at $68.77. USDA’s National Average Base Hog price for this AM was $58.48 down just 8 cents. USDA’s National Pork Carcass Cutout value was 35 cents weaker, as a $13.78 increase in bellies was offset by reductions for the other primal cuts. Hams and butts were the notable drops. Federally inspected hog slaughter for the week through Thursday was estimated at 1.955 million head. That compares to 1.923 LW and 1.968 from the same week last year.

Dec 20 Hogs are at $64.525, up $0.825,
Feb 21 Hogs are at $65.400, up $2.350
Apr 21 Hogs are at $68.450, up $2.225
Dec 20 Pork Cutout is at $79.575, up $1.325,

 --- provided by Brugler Marketing & Management 

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