Lean Hog futures post limit gains in the August through December contracts. Nearby July has to stick close to cash ahead of expiration and was up $1.30. The CME Lean Hog Index was down 90 cents from the previous day @ $71.92 on July 5. The USDA pork carcass cutout value was up a sharp $3.70 in the morning and still up $1.89 in the PM report at $73.77. The hams and bellies were up the most. The national average base hog price was up 21 cents on Tuesday at $66.08. Estimated week to date FI hog slaughter was 957,000 head. That was up 26,000 head from last Tuesday and 57,000 head larger than same week last year.
--provided by Brugler Marketing & Management