Lean Hog Futures closed Wednesday’s session, but is higher in the afternoon on Friday. The nearby contracts show 20 to 80 percent of the benefits, a new life of the contract with July at $ 112.92. The USDA’s daily direct Hog Report showed the price of the Hogs interacted on $ 113.12 on Thursday afternoon, below the first day to $ 0.95. The CME Lean Hog Index was at $ 2.64 $ 107.59.
Weekly export sales figures showed a jump in Pork sales during the week of June 12. It was before the week and 31.5% larger than this week last year. During that week the shipment was 30,248 mounts below 10.4% last week.
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From Friday morning, USDA’s FOB plant pork cutout price was $ 2.46 at $ 121.448. Rib and Ham were Primal with the biggest jump. Federly hog slaughter was inspected for Thursday, estimated on 471,000 heads, a weekly total of 1.889 million heads. It is below 31,000 since last week since last week and is 8,723 heads below the same week last year.
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