Lean Hogs Picture Mixed

Wednesday hog trading was directionless. October and Dec contracts closed 17 and 10 cents higher respectively, where the other futures were down by as much as 92 cents. July futures closed at $44.05. The CME Lean Hog index for July 6 was 24 cents higher to $45.90. The National Average Base Hog price for Wednesday afternoon was 23 cents lower to $29.14. The 5-day average is at $29.04. 10. USDA’s National Pork Carcass Cutout Value was up by $4.56 to $67.16, the largest daily increase since Cinco de Mayo. Ham primals jumped $16.03 cwt. to $54.22, and bellies were back above $100 cwt. FI hog slaughter for the week through Wednesday is 1.388m head. That compares to 1.406m head last week and 1.442 million from the same week a year ago.

--- provided by Brugler Marketing & Management

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