Hogs Lower at Closing Bell

Lean hog futures end the Monday session with losses ranging 7 cents to $1.97 across the front months. The Fresh Bacon Index from CME was the highest since the May spike @ $175.11cwt. The Lean Hog Index from CME was another $1.74 stronger at $69.58 for September 17. German officials have identified 6 additional ASF cases in wild boars – totaling 13 wild boar cases. No farm pig cases have been identified yet. USDA’s National Average Base Hog price for Monday PM was 13 cents higher at $61.12. USDA’s National Pork Carcass Cutout value was $90.09 this afternoon, up by $2.56 on strength in hams. The primal cuts were mixed, but offset hams were $11.47 higher to the highest since November ’19 @ $95.60 cwt. USDA estimates Monday’s FI hog slaughter at 485,000 head. That was down 1,000 from last Monday, but up 41k yr/yr.

Oct 20 Hogs closed at $65.600, down $0.900,

Dec 20 Hogs closed at $61.550, down $1.975

Feb 21 Hogs closed at $67.225, down $1.325

--- provided by Brugler Marketing & Management




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