Lean Hogs

Lean hog futures are currently 85 cents to $1.10 higher in the nearby contracts at midday. The CME Lean Hog Index on March was $68.09, down 27 cents from the previous day. The USDA pork carcass cutout value was 90 cents higher at $79.01 in the Monday morning report. The loin was down 10 cents, with all other primal higher. The national base hog weighted average price was 35 cents higher at $62.42. The USDA estimated weekly FI hog slaughter at 2.417 million head. That is up 28,000 head from the previous week and 101,000 head more than the same time last year.

Apr 18 Hogs are at $68.525, up $0.950,

May 18 Hogs are at $75.500, up $0.850

Jun 18 Hogs are at $80.850, up $1.100

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

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