Lean Hogs

Lean hog futures finished the day with most contracts steady to 40 cents higher, as April expired at $53.825. New nearby May was 8.1% higher on the week. The CME Lean Hog Index was down 5 cents from the previous day on April 11 to $52.97. The USDA pork carcass cutout value was up 27 cents at $66.33 Friday afternoon, with the picnic and belly the only cuts reported lower. The national base hog weighted average price was 59 cents higher at $50.06. The USDA estimated FI hog slaughter at 2.385 million head through Saturday. That is up 50,000 head from last week and 158,000 from the same point last year.

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

Did you know Brugler Marketing & Management has more to offer to you than just this free daily commentary?! Producers just like you rely on our custom research and daily guidance on when and how to market their commodities. Click here to learn more about what we have to offer, or call 402-697-3623. Do it today!

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.