Lean Hogs

Lean hog futures ended the Wednesday session with mixed trade, as Oct was up 12.5 cents and back months lower. 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 11 cents lower at $80.30 in the PM report. The butt, ham, and belly primals were reported lower. The national base hog carcass was down $1.17 in the PM report at 54.74. Estimated FI hog slaughter was 1,351,000 through Wednesday, 37,000 larger than the same week in 2016.

Oct 17 Hogs closed at $59.575, up $0.125,

Dec 17 Hogs closed at $56.775, down $0.325

Feb 18 Hogs closed at $62.075, down $0.650

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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