Lean Hogs

Lean hog futures are trading 27.5 to 40 cents lower at midday. The CME Lean Hog Index for 9/11 was 54 cents lower than the previous day at $67.38. The USDA pork carcass cutout value was $1.00 higher at $81.41 in the AM report. The ham and belly primals were reported lower. The national base hog carcass was down $1.16 in the AM report at 54.75. Estimated FI hog slaughter was 901,000 through Tuesday, 22,000 larger than the same week in 2016.

Oct 17 Hogs are at $59.050, down $0.400,

Dec 17 Hogs are at $56.750, down $0.350

Feb 18 Hogs are at $62.450, down $0.275

Market Commentary provided by:

Brugler Marketing & Management LLC
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