Lean Hogs

Lean hog futures are showing gains of $1.325 to $1.70 on Monday. The CME Lean Hog Index for 11/16 was down 55 cents to $65.42. The national base hog average price was 33 cents lower at $56.63 this morning. The USDA pork carcass cutout value was $2.08 higher at $83.04 in the Monday morning report. The picnic was the only cut that was reported lower, down 41 cents. 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 lower Saturday slaughter.

Dec 17 Hogs are at $62.225, up $1.575,

Feb 18 Hogs are at $68.775, up $1.700

Apr 18 Hogs are at $72.475, up $1.325




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

First you raise it, then you market it!  Check out the full Brugler advisory service with this special Harvest 2Fer offer at  http://bit.ly/Harvest2Fer.


 

Did June and July leave you with painful grain marketing memories?
Contact Brugler TODAY to discover which of our services is the right prescription for you!
Request product samples and a quick tour of our services here.

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.