Lean Hogs
Lean hog futures ended Thursday with most contracts 2.5 to 95 cents in the red. The CME Lean Hog Index for 10/10 was $1.21 higher than the previous day at $58.32. The USDA pork carcass cutout value was 15 cents higher at $73.82 in the Thursday afternoon report. The ham was UNCH, with the belly primal $2.47 higher. The national base hog carcass price was up 75 cents in the PM report at $56.58. Estimated weekly FI hog slaughter was 1,852,000 head through Thursday, 24,000 head ahead of last week and 263,000 larger than the same week in 2016. Estimated third quarter US pork production was decreased 25 million pounds, while fourth quarter was increased 10 million pounds in yesterday’s USDA report.



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.


 

Did June and July leave you with painful grain marketing memories?
Contact Brugler TODAY to discover which of our services is the right prescription for you!
Request product samples and a quick tour of our services here.

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.