Hogs Decline Returns on Friday
BRUG - Fri Aug 16, 5:40PM CDT

Hogs Decline Returns on Friday


Lean Hog futures lost $2.225 to $3 today. The CME Lean Hog Index was down $1.97 at $77.89 on August 14. USDA showed pork export sales of 20,393 MT in the week of August 8, with 10,211 MT sold to China. Shipments were 26,413 MT, as 6,835 MT was headed to China. China’s hog herd in July was down 32% from July 2018 according to official sources. The USDA pork carcass cutout value was down $1.97 on Friday’s close to $86.26. The national average base hog value was .49 cents lower in the Friday morning report at $69.65. CFTC data showed spec funds in lean hog futures and options trimmed their long position by 6928 contracts to 34, 050 as of Tuesday. Estimated week to date FI hog slaughter is 2.457 million head, a 143,000 head increase from the previous week and 38,000 head more the same week a year ago.

OCT 19 Hogs closed at $62.000, down $3.000,

DEC 19 Hogs closed at $60.775, down $2.975

FEB 19 Hogs closed at $68.025, down $2.225

--- provided by Brugler Marketing & Management




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