Lean Hogs

Lean hog futures were mostly higher on Wednesday with front month Feb up 32.5 cents. The CME Lean Hog Index for 12/29 was up 51 cents at $62.23. The USDA pork carcass cutout value was 43 cents higher in this afternoon’s report at $78.76. The belly was the only cut reported lower. The national base hog weighted average price was up $1.65 to $60.54. The USDA week to date FI hog slaughter was estimated at 907,000 head. That is up 86,000 head from last week and 22,000 larger than the same week last year.

Feb 18 Hogs closed at $71.050, up $0.325,

Apr 18 Hogs closed at $75.425, up $0.575

May 18 Hogs closed at $79.975, up $0.175

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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