Lean hogs are displaying energy within the entrance month July contracts, up 40 cents, with the remainder of the entrance months down 50 to 80 cents. The USDA Nationwide Base Hog worth was reported at $89.48 on Friday morning, down 72 cents from yesterday. Futures are actually under the money, however not the CME Lean Hog Index at $89.45, again up 14 cents on July 2.
Pork export gross sales within the week ending on June 27 totaled 59,083 MT, the most important weekly sale since March 2021. Export shipments have been 30,015 MT, a 3-week excessive.
USDA reported the Friday AM Pork Cutout Worth again up a pointy $3.22 at $96.85. The rib was the one primal reported decrease, with the butt up $12.96 and stomach $10.24 increased. USDA estimated Wednesday’s FI hog slaughter at 479,000 head, taking the weekly complete to 1.427 million head. That’s up 17,000 head from every week in the past and properly above the identical week final 12 months as the vacation fell earlier within the week.
Jul 24 Hogs are at $90.150, up $0.400,
Aug 24 Hogs are at $89.425, down $0.400
Oct 24 Hogs is at $73.450, down $0.725,
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