Lean Hogs

Lean hog futures are mixed, with most contracts marginally on either side of UNCH. The CME Lean Hog Index for 11/9 was down 47 cents to $67.47. The national base hog average was down 50 cents at $58.92 this morning. The USDA pork carcass cutout value for Monday morning was delayed. Weekly FI hog slaughter through Saturday was estimated at 2,495,000 head. That is 38,000 head larger than the previous week and 37,000 head above the same week in 2016. Some packers appear to be going slow on Saturday kills, trying to improve margins.

Dec 17 Hogs are at $62.250, down $0.225,

Feb 18 Hogs are at $70.250, unch,

Apr 18 Hogs are at $74.125, up $0.075

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

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