Lean Hog Futures on Wednesday shut down 22 to 65 percent of the contracts with a profit of 22 to 65 percent. The initial open interest was in 5,066 contracts. The negotiations on the USDA’s National Average Base Hogh were $ 107.33 on Wednesday afternoon, which was $ 1.49 from the first day. CME Lean Hog Index was at 92 CI, $ 99.97 on 9 June.
The USDA’s FOB plant pork cutout was at $ 2.20 $ 113.08 from Wednesday’s PM report. Loen and Rib Primal were only less reported. Federly hog slaughter was inspected for Wednesday, which was estimated to be 480,000 heads, the weekly was 1.440 million heads. It is 17,000 from last week and 25,960 heads compared to this week last year.
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25 June hogs Closed at $ 103.375, by $ 0.225,
July 25 Hogs Closed at $ 108.850, $ 0.650
25 August hogs Closed at $ 110.200, up to $ 0.400,
On the date of publication,
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