Monday’s lean hog trading has futures up triple digits. October hogs are pushing for a limit gain, trading 3 cents off at midday. The week’s Fresh Bacon index from CME was $5.78 higher to $134.40 cwt. The CME Lean Hog index was $52.44 on Aug 6, after dropping 34 cents. USDA’s National Average Base Hog price for Monday morning was up 54 cents to $38.73. USDA’s National Pork Carcass Cutout value was up $3.52 on Monday morning to $75.45. Bellies were up by $13.95 in the AM report to $122.95 cwt. and Hams were up $7.70 cwt. to 466.15. USDA’s estimate for the week’s FI hog slaughter is 2.534 million head through Saturday. That is up 184,000 head yr/yr on another strong Saturday kill.
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Aug 20 Hogs are at $52.975, up $1.975,
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Oct 20 Hogs are at $53.950, up $2.975
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Dec 20 Hogs are at $54.825, up $1.900
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--- provided by Brugler Marketing & Management
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