Hogs Lower on Profit Taking
BRUG - Mon Apr 22, 12:09PM CDT

Lean Hog futures are down 70 cents to $2.125 on Monday. The CME Lean Hog Index was up another 39 cents from the previous day @ $81.02 on April 18. The USDA pork carcass cutout value was up 46 cents in the Monday morning report, at $87.70. The picnic and belly primals were reported lower. The national average base hog was $78.73, up down a sharp $2.21. Estimated weekly FI hog slaughter was 2.380 million head through Saturday, down 4,000 from the previous week and 41,000 below last year due to smaller Friday and Saturday kills. China confirmed ASF cases on Hainan Island, which is more than 200 miles offshore and had been thought to be relatively safe.

May 19 Hogs are at $89.500, down $0.700,

Jun 19 Hogs are at $94.900, down $1.850

Jul 19 Hogs are at $98.900, down $1.650

--provided by Brugler Marketing & Management

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