Hogs Higher On Continued Chinese Hog Liquidation
BRUG - Wed May 15, 12:25PM CDT

Lean Hog futures are up 50 cents to $1.95 on Wednesday. China’s Ag Ministry pegged the country’s soy herd in April down 22.3% from last year, with the hog herd down 20.8% year over year. The CME Lean Hog Index was up 23 cents from the previous day @ $83.27 on May 13. The USDA pork carcass cutout value was $1.28 higher at $89.92 on Wednesday morning. That was led by a $12.25 gain in the belly, as all other primals were lower. The national average base hog was $81.87 on Wednesday, down 14 from the previous day. Estimated weekly FI hog slaughter was 921,000 head for the WTD through Tuesday. That was 21,000 head below the previous week but 6,000 above the same week last year.

Jun 19 Hogs are at $91.075, up $1.950,

Jul 19 Hogs are at $91.400, up $1.350

Aug 19 Hogs are at $92.425, up $1.250

--provided by Brugler Marketing & Management

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