Lean Hogs

Lean hog futures ended the day with most contracts 10 to 50 cents lower, as a few deferred contracts were higher. The CME Lean Hog Index for 12/22 was down 14 cents to $61.62. The USDA pork carcass cutout value was up 54 cents at $77.02 in the Wednesday afternoon report. The butt and picnic were the only cuts reported lower. The national base hog price was 65 cents higher at $57.29 on Wednesday afternoon. The USDA weekly FI hog slaughter was estimated at 821,000 head through Wednesday. That is down 62,000 head from the same week last year.

Feb 18 Hogs closed at $71.025, down $0.500,

Apr 18 Hogs closed at $75.275, down $0.100

May 18 Hogs closed at $79.900, down $0.125

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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