Lean Hogs

Lean hog futures were mixed on Tuesday, with the nearby contracts steady to $1.55 higher and back months 5 to 32.5 cents lower. The CME Lean Hog Index for 12/21 was down 24 cents to $61.76. The USDA pork carcass cutout value was down 75 cents at $76.48 in the Monday afternoon report. The loin, belly, and ham primals were all reported lower. The national base hog price was 7 cents higher at $56.59 on Monday afternoon. The USDA weekly FI hog slaughter was estimated at 467,000 head on Tuesday. That is up 23,000 head from the same week last year.

Feb 18 Hogs closed at $71.525, up $1.550,

Apr 18 Hogs closed at $75.375, up $0.600

May 18 Hogs closed at $80.025, up $0.275

Market Commentary provided by:

Brugler Marketing & Management LLC
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Phone: 402-697-3623
Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

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