Lean Hogs

Lean hog futures are steady to 82.5 cents lower in the front months at midday. The CME Lean Hog Index for 12/4 was up 43 cents to $64.35. The USDA pork carcass cutout value was $1.34 lower at $83.44 in the Wednesday morning report. The belly and rib were the only cuts reported higher. The national base hog price was 16 cents lower at $59.34. The IA/MN region cash hog average was 95 cents lower, with the WCB down 32 cents. The USDA FI hog slaughter was estimated at 931,000 head through Tuesday. That is up 23,000 head from the previous week and 52,000 head more than last year. US Pork exports during October were a record 494.643 million pounds for the month. That was 9.6% larger than October 2016 and a 17.4% jump from the September Census report.

Dec 17 Hogs are at $64.200, down $0.075,

Feb 18 Hogs are at $69.675, down $0.825

Apr 18 Hogs are at $73.675, down $0.650

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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