Lean Hogs

Lean hog futures closed the day with mixed trade, as Dec was 17.5 cents lower with back months higher. The CME Lean Hog Index for 11/9 was down 47 cents to $67.47. The national base hog average was down 48 cents at $58.94 this afternoon. The USDA pork carcass cutout value for Monday afternoon was 53 cents lower at $81.39. The butt, rib, and ham primals were all lower. Spec traders in lean hog futures and options held a net long position of 78,206 contract for the week ending Nov 7. During that week, they added another 10,314 contracts to their net long position.

Dec 17 Hogs closed at $62.300, down $0.175,

Feb 18 Hogs closed at $70.300, up $0.050

Apr 18 Hogs closed at $74.250, up $0.200

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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