Lean Hogs

Lean hog futures are mixed at midday, with nearby Feb 35 cents higher and back months lower. The CME Lean Hog Index was up 23 cents on February 1 at $74.10. The USDA pork carcass cutout value was 20 cents higher at $81.83 in the Monday AM report. The butt, picnic, and rib were all reported higher. The national base hog weighted average price was down a penny to $72.67. The WCB region was $1.65 lower, with IA/MN down $1.68. The USDA estimated last week’s FI hog slaughter at 2,438,000, which is 68,000 larger than the previous week, and 111,000 head more than the same week last year.

Feb 18 Hogs are at $75.550, up $0.350,

Apr 18 Hogs are at $72.300, down $1.250

May 18 Hogs are at $78.250, down $1.075

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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