Lean hog futures came close after low gapping in the open, as the contracts closed from 2 to 92 cents more in passbis and one quarter in October. The July was 47 cents above the week. The USDA’s National Base Hog Price Friday PM report was $ 108.09, which was 9 cents from the previous day. The CME Lean Hog Index was 48 cents above June 25 at $ 111.89.
The CFTC data showed the managed money crowd in the lean hog futures and added 4,442 contracts to the options, which now records in a net long position of 134,292 contracts.
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The quarterly Hogs and Pigs report from NASS saw an increase of 0.33% in all hog inventory at the beginning of 75.137 million heads in early June. It was above the estimates of analysts for a decline of 0.4% a year ago. Market hogg was 0.4%above, in which hog was placed for breeding down 0.48%. Perovings were 0.45% below 2.907 million heads from March to May, in -thewest of August to 2.974 million, declining 0.37% from last year. March-May Pig crop was 34.171 million heads from 1.27% large YR/YR.
The USDA’s FOB plant pork cutout price was returned to $ 2.19 $ 117.46 on Thursday morning. The stomach reduced the charge, lodged the afternoon print below 13.10. The USDA inspected Hog Slaughter for this week as an estimate of 2.408 million heads. It is 51,000 heads since last week, but the same week is 9,344 heads below the same week.
July 25 Hogs Closed at $ 113.250, $ 0.925,
25 August hogs Closed at $ 110.275, $ 0.025
25 October hogs Closed at $ 94.625, $ 0.250 below,
On the date of publication,
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