Hogs Limit Lower on Friday

Lean Hog futures posted limit losses in the front months on Friday. Tuesday will show expanded limits of $4.50. On the week, June futures lost 6.44%. The CME Lean Hog Index was up 2 cents from the previous day @ $84.36 on May 22. The USDA pork carcass cutout value was up 65 cents at $83.27 on Friday afternoon. The national average base hog was down a sharp $2.51 on Friday, at an average weighted price of $77.97. Estimated FI hog slaughter is 2.325 million head through Saturday. That was 46,000 head below the previous week and 35,000 above the same week last year. According to state media, China is progressing in finding an ASF vaccine, as they start working on clinical trials. There is no time table as of yet.

Jun 19 Hogs closed at $86.425, down $3.000,

Jul 19 Hogs closed at $87.950, down $3.000

Aug 19 Hogs closed at $89.300, down $3.000

--provided by Brugler Marketing & Management

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