Hogs Mixed at Midday
BRUG - Mon May 20, 12:17PM CDT

Lean Hog futures are mixed on Monday, with front months lower and deferred contracts higher. The CME Lean Hog Index was up 38 cents from the previous day @ $84.59 on May 16. The weekly update to the Fresh Bacon Index shows a price of $168.17/cwt, up $12.78 from the week prior. The USDA pork carcass cutout value was up a sharp $3.82 at $89.09 on Monday morning. The ham was the only primal lower, with the often-volatile belly up $23.18. The national average base hog was 96 cents lower on Monday, at an average weighted price of $80.19. Estimated weekly FI hog slaughter was 2.371 million head including Saturday. That was 30,000 head below the previous week but 32,000 above the same week last year.

Jun 19 Hogs are at $91.550, down $0.825,

Jul 19 Hogs are at $92.800, down $0.200

Aug 19 Hogs are at $94.300, up $0.350

--provided by Brugler Marketing & Management

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