Lean Hogs

Lean hog futures finished Tuesday with most front contracts $1.05 to $2.325 higher. The CME Lean Hog Index was up $1.35 on January 12 at $71.15. The USDA pork carcass cutout value was down 38 cents at $81.45 in the Tuesday afternoon report. The loin and belly primals were both reported higher. The national base hog weighted average price was up 10 cents to $69.93 on Tuesday afternoon. The USDA FI hog slaughter was estimated at 859,000 through Tuesday, which is 115,000 larger than the same week last year, but 60,000 head lower than last week.

Feb 18 Hogs closed at $73.900, up $2.325,

Apr 18 Hogs closed at $76.150, up $1.825

May 18 Hogs closed at $81.000, up $2.000

Market Commentary provided by:

Brugler Marketing & Management LLC
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Phone: 402-697-3623
Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
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