Lean Hogs

Lean hog futures are mostly 20 to 72.5 cents lower on Friday. The CME Lean Hog Index for 11/8 was down 41 cents to $67.94. The USDA pork carcass cutout value was up 37 cents in the Friday morning report. A sharply lower loin and picnic were offset by a sharply higher butt and ham. The national base hog average was down 8 cents at $59.79 this morning. Week to date FI hog slaughter was estimated at 1,846,000 head through Thursday. That is 15,000 head larger than the previous week and 71,000 head above the same week in 2016. Pork exports for the week of November 2 came in at 23,210 MT, slightly lower wk/wk but still above last year.

Dec 17 Hogs are at $62.450, down $0.725,

Feb 18 Hogs are at $70.000, down $0.225

Apr 18 Hogs are at $73.825, down $0.200

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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