Lean Hogs

Lean hog futures were mostly a nickel to 57.5 cents lower on Monday, with a few deferred contracts slightly higher. The CME Lean Hog Index for 9/7 was 43 cents lower than the previous day at $68.94. The USDA pork carcass cutout value was 4 cents lower in the Monday afternoon report, with a weighted average of $82.08. The butt and picnic were the only cuts higher. The national base hog carcass was down $1.35 in the PM report at $57.32. Estimated FI hog slaughter was 450,000 through Monday, 9,000 larger than the same week in 2016.

Oct 17 Hogs closed at $61.575, down $0.575,

Dec 17 Hogs closed at $58.625, down $0.275

Feb 18 Hogs closed at $63.675, down $0.075

Market Commentary provided by:

Brugler Marketing & Management LLC
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Phone: 402-697-3623
Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

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