Lean Hogs

Lean hog futures are up $1.55 to $1.625 in most nearby contracts, with expiring Feb up 15 cents. The CME Lean Hog Index on February 12 was $74.30, down 42 cents from the previous day. The USDA pork carcass cutout value was 30 cents lower at $77.20 in the Wednesday AM report. The belly was the only cut reported higher. The national base hog weighted average price was down 73 cents at $67.00 Wednesday morning. The USDA estimated week to date FI hog slaughter at 924,000 through Tuesday. That is down 3,000 head from the previous week but 52,000 head more than the same time last year.

Feb 18 Hogs are at $73.500, up $0.150,

Apr 18 Hogs are at $70.975, up $1.550

May 18 Hogs are at $76.750, up $1.625




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.