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Lean Hogs (P) Futures PricesTuesday, May 22nd, 2012Current Prices | End-of-Day Prices | Options Quotes | Spread Quotes | Profile
Lean Hogs were sharply lower on the close sealing the gaps left last week on the June contract. The CME lean hog index for 5/18 was $83.23, up $1.21 from the day before. The pork carcass cutout value was sharply lower on 107.75 loads. Pork trading was slow to moderate with mostly light to moderate demand and moderate to heavy offerings. Estimated daily slaughter was 417,000 head vs. 411,000 for the same day in 2011. Cash hogs in IA/MN were up $1.15 from the previous day. WCB hogs were $1.10 higher and ECB hogs were $2.04 higher. Today’s Cold Storage report showed pork supplies in April were up sharply from last year at 659,532,000 pounds. Exports have also been running higher but not as high as a year ago for the month of March (official census number). Jun 12 Hogs closed at $85.825, down $0.875,
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