Lean hog futures are down 30 cents to a dollar so far on Thursday. The CME Lean Hog Index was up 6 cents at $91.38 on June 11. USDA showed the National Base Hog weighted average price at $86.96 on Thursday morning, down 12 cents from the day prior.
This morning’s Export Sales report showed 30,122 MT of pork in the week ending on June 6, up from the week prior. Exports were tallied at 32,797 MT, a 12-week low.
USDA’s Estimated Primal Cutout Value was lower in the Thursday morning report, down 46 cents to $98.55. The rib and ham were the only primals reported higher. USDA estimated Wednesday FI hog slaughter at 481,000 head, bringing the week to date total to 1.426 million head. That is down 20,000 head from a week ago but up 25,153 from a year ago.
Jun 24 Hogs are at $91.725, down $0.300,
Jul 24 Hogs are at $92.775, down $0.925
Aug 24 Hogs is at $89.100, down $0.850,
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