Lean Hogs

Lean hog futures were 5 cents to $1.475 higher on Thursday. The CME Lean Hog Index was down 48 cents from the previous day on April 10 to $53.02. The USDA pork carcass cutout value was up 20 cents at $66.06 this afternoon. The national base hog weighted average price was $1.48 higher at $49.29. The USDA estimated FI hog slaughter at 1.832 million head through Thursday. That is up 54,000 head from the same point last year. Pork shipments for the week of 4/5 were shown at 22,916 MT, 14% above last week and 5.8% larger than last year. Export commitments of pork are now 5.9% larger than last year at this time.




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.