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Lean Hogs Market Commentary

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Lean hog futures dropped into the close, with Dec settling a dime off the low. Dec was down 70 cents, with other front months triple digits lower. December fell 6.18% ($3.40) on the week. 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 30 cents higher @ $78.42 in the PM report. The national base hog carcass value was down 44 cents at a weighted average of $58.72. USDA FI hog slaughter is estimated at 2.589 million head through Saturday. That is up 100,000 from last week on a large Saturday kill and 131,000 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 closed at $51.600, down $0.700,

Feb 19 Hogs closed at $59.025, down $1.200

Apr 19 Hogs closed at $65.725, down $1.275

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

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