Lean Hogs

Lean hog futures are posting sharp $1.525 to $1.65 gains in most front months on Tuesday. The CME Lean Hog Index was up $1.35 on January 12 at $71.15. The USDA pork carcass cutout value was up 36 cents at $81.45 in the Tuesday morning report. The butt and picnic primals were both reported lower. The national base hog weighted average price was down 34 cents to $69.49 on Tuesday morning. The USDA FI hog slaughter was estimated at 393,000 on Monday, which is 75,000 larger than the same Monday last year, but 70,000 head lower than last week.

Feb 18 Hogs are at $73.125, up $1.550,

Apr 18 Hogs are at $75.850, up $1.525

May 18 Hogs are at $80.650, up $1.650

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.