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 Monday afternoon. The USDA pork carcass cutout value for Monday afternoon was 53 cents lower at $81.39. 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. The daily USDA AMS hog slaughter report showed 464,000 for Monday, up 4K from the previous week and 26,000 larger than the same Monday in 2016.




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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