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Hogs Sharply Lower on Tuesday
BRUG - Tue Sep 17, 12:18PM CDT

Lean Hog futures are down $1.275 to as much as the limit in Dec. The CME Lean Hog Index was down another $1.23 at $58.48 on September 13. The USDA pork carcass cutout value FOB plant was up 69 cents on Tuesday morning at $69.35. The belly primal was down $1.23, with all other primals reported higher. The national average base hog value was 87 cents lower at $44.26 on Monday. Estimated FI hog slaughter was 487,000 head on Monday, 73,000 head above the same week in 2018 and 2,000 head above last week. The first case of ASF was discovered in South Korea according to the country’s ag ministry. China is planning to sell 10,000 MT pork imports (from EU and US) from state reserves on Thursday.

OCT 19 Hogs are at $62.350, down $1.275,

DEC 19 Hogs are at $67.675, down $3.000

FEB 20 Hogs are at $73.925, down $1.925

-- provided by Brugler Marketing & Management

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