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
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

Did you know Brugler Marketing & Management has more to offer to you than just this free daily commentary?! Producers just like you rely on our custom research and daily guidance on when and how to market their commodities. Click here to learn more about what we have to offer, or call 402-697-3623. Do it today!

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.