Lean Hogs

Lean hog futures ended the week with most contracts mixed, as Dec was 55 cents higher on the day. The CME Lean Hog Index for 11/15 was down 40 cents to $65.97. The national base hog average price was 59 cents lower at $56.96 this afternoon. The USDA pork carcass cutout value was 41 cents higher at $80.96 in the Friday afternoon report. The belly led the way, up $1.69. The weekly USDA AMS hog slaughter report showed 2,473,000 through Saturday. That is down 22,000 from the previous week and 54,000 fewer than the same week in 2016, mainly on less Saturday slaughter.

Dec 17 Hogs closed at $60.650, up $0.550,

Feb 18 Hogs closed at $67.075, up $0.500

Apr 18 Hogs closed at $71.150, up $0.275

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

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