Lean hog futures gained 2 to 30 cents on the day. Oct was the outlier, with a 10 cent drop on Thursday. The CME Lean Hog index was $52.92 on Aug 4, which was 11 cents stronger. USDA’s National Average Afternoon Base Hog price for was $37.99 after dropping 54 cents. Pork export sales were 30,348 MT on the week ending July 30. That was down 25% wk/wk but still well more than double (+121%) yr/yr. Of the week’s sales, 19% were to China. Export shipments from the same week were 34,386 MT, with 26% destined for China. YTD pork exports to China are 40% of the total, which is now at a record 1.15 MMT. USDA’s National Pork Carcass Cutout value was $3.76 higher in the PM report. FI hog slaughter for the week through Wednesday was estimated at 1.830 million head. That is down 57,000 head from last week due to the Monday plant downtime and 20k below the same week last year.
--- provided by Brugler Marketing & Management
<p>Market Commentary provided by:<br /> <img src="https://s3.amazonaws.com/images1.aws.barchart.com/logos/bruglerlogo.gif" border="0" /><br /> Brugler Marketing & Management LLC<br /> 1908 N. 203rd St.Omaha, NE 68022<br /> Phone: 402-697-3623<br /> Fax: 402-289-2353<br /> E-mail: <a href="mailto:alanb@bruglermktg.com">alanb@bruglermktg.com</a><br /> Web: <a href="http://bruglermarketing.com/">http://bruglermarketing.com</a></p>
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