Hogs Higher at Thursday Close

Lean hog futures closed the Thursday session with gains of 20 to 80 cents. August ended the day at $53.70 ahead of Friday’s expiration. The Lean Hog Index from CME was $53.82 for August 11, which was a 3 cent increase. USDA’s National Average Base Hog price for Thursday afternoon was quoted at $37.51, down by 17 cents. The Weekly Export Sales report had pork bookings at a low 10,481 MT for the week ending August 6. That was about half of the same week yr/yr, and the lowest since COVID-19 afflicted sales in May. Shipments from the report were 34,900 MT, which was 1.5% higher wk/wk and up 32% on the year. USDA’s National Pork Carcass Cutout value was up $1.32 to $73.76. USDA estimated 1.874 million hogs slaughtered WTD through Thursday. That trails the same week last year by 23k head.

Oct 20 Hogs closed at $52.350, up $0.750

Dec 20 Hogs closed at $54.350, up $0.950

Feb 21 Hogs closed at $61.475, up $0.575

--- provided by Brugler Marketing & Management

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