Lean Hogs

Lean hog futures are trading 27.5 to 40 cents lower at midday. The CME Lean Hog Index for 9/11 was 54 cents lower than the previous day at $67.38. The USDA pork carcass cutout value was $1.00 higher at $81.41 in the AM report. The ham and belly primals were reported lower. The national base hog carcass was down $1.16 in the AM report at 54.75. Estimated FI hog slaughter was 901,000 through Tuesday, 22,000 larger than the same week in 2016.

Oct 17 Hogs are at $59.050, down $0.400,

Dec 17 Hogs are at $56.750, down $0.350

Feb 18 Hogs are at $62.450, down $0.275




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

First you raise it, then you market it!  Check out the full Brugler advisory service with this special Harvest 2Fer offer at  http://bit.ly/Harvest2Fer.


 

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.