Hogs Pressured by Weakness in Cattle

Lean Hog futures are mixed on Tuesday, with soon to expire Aug down 30 cents. Hogs are seeing some pressure from the cattle complex. The CME Lean Hog Index was down 58 cents at $81.75. The USDA pork carcass cutout value was down 64 cents on Tuesday morning at $89.55. The national average base hog value was down another 53 cents in the Tuesday AM report at $68.22. Estimated FI hog slaughter for Monday is 466,000 head, up 39,000 head from the previous week and 1,000 head below the same week a year ago.

AUG 19 Hogs are at $78.875, down $0.300,

OCT 19 Hogs are at $65.425, down $1.650

DEC 19 Hogs are at $63.825, up $0.050

---provided by Brugler Marketing & Management




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