Lean hog futures are trading 27.5 cents to $1.35 higher in most contracts on Thursday. The CME Lean Hog Index was down 15 cents on July 10, to $81.52. The USDA pork carcass cutout value was up 26 cents on Thursday morning at $83.86. The national base carcass price was down 73 cents from the previous day, reported at $75.36. USDA estimated FI hog slaughter at 1.357 million head through Wednesday, 39,000 head above last year. Weekly pork export sales totaled just 9,195 MT, as 18,461 MT of pork was shipped. This morning’s WASDE report from the WAOB showed pork production in 2018 up 30 million pounds from last month to 26.745 billion.
Jul 18 Hogs are at $80.050, up $0.275,
Aug 18 Hogs are at $70.150, up $1.350
Oct 18 Hogs are at $53.150, up $1.125