Lean Hogs

Lean hog futures were 22.5 to 90 cents lower on Friday, dropping 2.69% on the week. The CME Lean Hog Index on February 7 was at $75.63, up 25 cents from the previous day. The USDA pork carcass cutout value was $2.48 lower at $74.44 in the Friday PM report. The loin and picnic cuts were the only reported higher, with the belly primal down a sharp $12.67. The national base hog weighted average price was up 22 cents at $69.72 Friday afternoon. The USDA estimated FI hog slaughter at 2,389,000 through Saturday. That is down 49,000 head from the previous week but 29,000 head more than the same time last year.

Feb 18 Hogs closed at $73.175, down $0.225,

Apr 18 Hogs closed at $68.850, down $0.600

May 18 Hogs closed at $74.775, down $0.250

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.