Lean Hogs

Lean hog futures are down 5 to 47.5 cents in most nearby contracts at midday. The CME Lean Hog Index for 12/22 was down 14 cents to $61.62. The USDA pork carcass cutout value was up 4 cents at $76.52 in the Wednesday morning report. The loin and ham were the only cuts reported higher. The national base hog price was 40 cents higher at $57.04 on Wednesday morning. The WCB region was down $1.35, with IA/MN $1.02 lower. 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 are at $71.050, down $0.475,

Apr 18 Hogs are at $75.325, down $0.050

May 18 Hogs are at $79.650, down $0.375




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.