Lean Hogs

Lean hog futures gave back some money ahead of the close, settling 27 lower to 22 higher. The CME Lean Hog Index for 12/27 was down 1 cents to $61.58. The USDA pork carcass cutout value was up 19 cents at $78.22. It advanced 95 cents per cwt for the week while the CME Index was falling. That’s a nice trick for the packers. The national base hog weighted average price was 34 cents higher at $58.27. The USDA weekly FI hog slaughter was estimated at 2.107 million head. That is up 37,000 head from the same week last year. USDA reported pork export sales for 2017 of 16,600 MT this morning, with 2018 sales for the week ending December 21 at 14,400 MT. Russia has confirmed an outbreak of H5N2 avian flu, with more than 660,000 birds culled thus far as a preventative measure.

Feb 18 Hogs closed at $71.775, up $0.225,

Apr 18 Hogs closed at $75.650, down $0.050

May 18 Hogs closed at $80.000, down $0.075

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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