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Lean Hogs Market Commentary

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Lean hog futures are trading 10 to 50 cents lower in most contracts on Friday, with nearby Dec up 37.5 cents. The CME Lean Hog Index was down 41 cents from the previous day @ $67.76 on October 17. The USDA pork carcass cutout value was $1.02 higher @ $79.14 in the AM report. The national base hog carcass value was not reported this morning due to confidentiality reasons, with the value on the live basis down 42 cents at $44.73. FI hog slaughter is estimated at 1.890 million head WTD through Thursday. That is up 28,000 from last week and 66,000 larger than the same week in 2017. A Chinese animal health official reported on Friday morning that the country has culled an estimated 200,000 hogs due to the recent African Swine Fever outbreak. The outbreak has hit some larger operations this week, including one 20,000 head location.

Dec 18 Hogs are at $52.675, up $0.375,

Feb 19 Hogs are at $59.975, down $0.250

Apr 19 Hogs are at $66.575, down $0.425

--provided by Brugler Marketing & Management, Call (402) 289-2330

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