Lean Hogs

Lean hog futures were 40 cents to $2.125. The CME Lean Hog Index for 9/8 was $1.02 lower than the previous day at $67.92. Packer submission issues caused the USDA pork carcass cutout value to be delayed. It was $1.74 lower in the Tuesday morning report, with a weighted average of $80.34. The national base hog carcass was down $1.17 in the PM report at 55.99. Estimated FI hog slaughter was 901,000 through Tuesday, 22,000 larger than the same week in 2016. Estimated annual pork production for 2017 was raised 35 million pounds by the USDA this morning to 25.841 billion pounds.

Oct 17 Hogs closed at $59.450, down $2.125,

Dec 17 Hogs closed at $57.100, down $1.525

Feb 18 Hogs closed at $62.725, down $0.950

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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