Lean Hogs

Lean hog futures are posting sharp losses in most contracts at midday, with nearby Feb $1.025 lower. The CME Lean Hog Index was up 38 cents on February 2 at $74.48. The USDA pork carcass cutout value was $1.67 higher at $81.79 in the Tuesday AM report. The butt and rib primal were the only cuts reported lower. The national base hog weighted average price was up 28 cents to $72.94. The USDA estimated FI hog slaughter at 466,000 on Monday. That is even with the previous week, and 29,000 head more than the same Monday last year.

Feb 18 Hogs are at $74.800, down $1.025,

Apr 18 Hogs are at $70.725, down $2.600

May 18 Hogs are at $76.575, down $1.725




Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

Did you know Brugler Marketing & Management has more to offer to you than just this free daily commentary?! Producers just like you rely on our custom research and daily guidance on when and how to market their commodities. Click here to learn more about what we have to offer, or call 402-697-3623. Do it today!


Do you want to know what trades Alan Brugler recommends? Subscribe to Ag Market Professional, and become part of the Brugler client group! Not sure? Ask for a FREE SAMPLE and get two FREE GIFTS! Start here

Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.