Lean Hogs

Lean hog futures are mixed at midday, with nearby Feb 20 cents higher and back months steady to lower. The CME Lean Hog Index for 12/26 was down 3 cents to $61.59. The USDA pork carcass cutout value was up 3 cents at $77.5 in the Thursday AM report. The rib and picnic were the only cuts reported lower. The national base hog price was 2 cents lower at $57.36 on Thursday morning. 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 are at $71.225, up $0.200,

Apr 18 Hogs are at $75.300, up $0.025

May 18 Hogs are at $79.800, down $0.100

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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