Lean Hogs Market Commentary

Lean Hog futures posted 50 cent to $1.40 gains in most contracts on Thursday, with nearby Dec up 7.5 cents. The CME Lean Hog Index was down another 73 cents from the previous day @ $60.47 on November 12. The USDA pork carcass cutout value was down 35 cents on Thursday afternoon at $68.67. The belly was up $3.95, with the picnic down $8.49 (-16.92%!). The national base cash hog value was up 30 cents yesterday afternoon with a weighted average of $51.65. Thursday’s FI hog slaughter was estimated @ 476,000 head, bringing the weekly total to 1.873 million head. That was 25,000 fewer than a week prior and up 8,000 from the same week in 2017.




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

Did you know Brugler Marketing & Management has more to offer to you than just this free daily commentary?! Producers just like you rely on our custom research and daily guidance on when and how to market their commodities. Click here to learn more about what we have to offer, or call 402-697-3623. Do it today!


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.