Lean Hogs

Lean hog futures ended the day with most nearby contracts 45 cents to $1.175 in the red, with back months slightly lower. The CME Lean Hog Index was up 77 cents on January 15 at $71.92. The USDA pork carcass cutout value was up 24 cents at $80.95 in the Wednesday afternoon report. The loin, ham, and belly primals were reported lower. The national base hog weighted average price was down 7 cents to $69.64 this afternoon. The USDA FI hog slaughter was estimated at 1,294,000 through Wednesday, which is 107,000 larger than the same week last year, but 85,000 head lower than last week.

Feb 18 Hogs closed at $72.725, down $1.175,

Apr 18 Hogs closed at $75.525, down $0.625

May 18 Hogs closed at $80.550, down $0.450

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
Web: http://bruglermarketing.com

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