Lean Hogs

Lean hog futures are $1.00 to $1.55 lower in most nearby contracts at midday. The CME Lean Hog Index was up 72 cents on January 8 at $66.37. The USDA pork carcass cutout value was down 8 cents at $79.45 in the Wednesday afternoon report. The picnic primal was down a sharp $6.46, as the belly was up $4.30. The national base hog weighted average price was up $1.87 to $69.43. The USDA week to date FI hog slaughter was estimated at 1,385,000 head through Wednesday. That is up 103,000 head from the same week last year.

Feb 18 Hogs closed at $72.525, down $0.650,

Apr 18 Hogs closed at $75.775, down $1.000

May 18 Hogs closed at $80.250, down $0.700

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

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