Lean hog futures ended Thursday with most contracts $1.10 to $2.475 higher, as soon to expire July up 17.5 cents. The CME Lean Hog Index was down 15 cents on July 10, to $81.52. The USDA pork carcass cutout value was down 9 cents on Thursday afternoon at $83.51. The national base carcass price was down 88 cents from the previous day, reported at $75.21. USDA estimated FI hog slaughter at 1.816 million head through Thursday, 57,000 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. The WASDE also showed a $1 increase to the expected average price range for barrows and gilts for full year 2018.
Jul 18 Hogs closed at $79.950, up $0.175,
Aug 18 Hogs closed at $70.425, up $1.625
Oct 18 Hogs closed at $53.950, up $1.925