Lean Hogs Look For China or Other Export Interest

Lean Hog futures saw 75 cent to $2.50 losses on Tuesday, with soon to expire Aug down 17.5 cents. The CME Lean Hog Index was down 58 cents at $81.75. The USDA pork carcass cutout value was down 98 cents on Tuesday afternoon at $89.21. Bellies were $1.58 lower on Tuesday, the first decline in four days. The national average base hog value was rose $1.26 cents in the Tuesday report at $70.01. Estimated FI hog slaughter for week to date was 938,000 head, a 34,000 head increase from the previous week and 1,000 head more the same week a year ago. ---provided by Brugler Marketing & Management

Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

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