Lean Hogs

Lean hog futures are showing losses of 35 to $1.575 here on Friday. July futures expire on Monday and need to stick close to where they think the index will be. The CME Lean Hog Index for 7/12 was 9 cents higher than the previous day at $92.84. The USDA pork carcass cutout value was $1.20 higher in the Friday morning report, with a weighted average of $104.87. The rib and belly primal were both reported lower. The national base hog carcass price was 54 cents lower with a weighted average of $86.26 in this morning’s report. FI hog slaughter through Thursday was estimated at 1,754,000 head, 62,000 more than last year at this point. Pork export commitments YTD are 7.3% above this time last year.

Jul 17 Hogs are at $92.400, down $0.350,

Aug 17 Hogs are at $80.950, down $1.575

Oct 17 Hogs are at $68.225, down $1.100

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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