Lean Hogs

Lean hog futures settled the Monday session with gains of 20 cents to $1.225. The CME Lean Hog Index on March was $68.09, down 27 cents from the previous day. The USDA pork carcass cutout value was $1.51 higher at $79.62 in the Monday afternoon report. The loin was down 34 cents, with all other primal higher. The national base hog weighted average price was 27 cents higher at $62.34. The USDA estimated FI hog slaughter on Monday at 456,000 head. That is down 5,000 head from the previous week and 15,000 head more than the same time last year.

Apr 18 Hogs closed at $68.800, up $1.225,

May 18 Hogs closed at $75.750, up $1.100

Jun 18 Hogs closed at $80.975, up $1.225

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

First you raise it, then you market it!  Check out the full Brugler advisory service with this special Harvest 2Fer offer at  http://bit.ly/Harvest2Fer.


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.