Hogs Close Friday Mixed

Lean Hog futures closed the Friday session with front months 15 to 65 cents higher and deferred contracts lower. Later in the day, it was reported US was lifting tariffs in Mexican and Canadian steel. The CME Lean Hog Index was up 53 cents from the previous day @ $84.21 on May 15. The USDA pork carcass cutout value was down 86 cents at $85.27 on Friday afternoon. The national average base hog was 10 cents higher on Friday, at an average weighted price of $81.48. Estimated weekly FI hog slaughter was 2.371 million head including Saturday. That was 30,000 head below the previous week but 32,000 above the same week last year.

Jun 19 Hogs closed at $92.375, up $0.150,

Jul 19 Hogs closed at $93.000, up $0.600

Aug 19 Hogs closed at $93.950, up $0.650

--provided by Brugler Marketing & Management

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