Lean Hogs

Lean hog futures settled the day with 20 to 57.5 cents losses in the front months and gains in the back months. The CME Lean Hog Index for 12/5 was up 3 cents to $64.38. The USDA pork carcass cutout value was 43 cents higher at $83.18 in the Thursday afternoon report. The belly and rib were both reported lower. The national base hog price was 35 cents lower at $58.47. The USDA FI hog slaughter was estimated at 1,854,000 head through Thursday. That is up 29,000 head from the previous week and 104,000 head more than last year. Pork export sales of 22,629 MT were reported for the week ending 11/30 by the USDA this morning. That was up 47.3% from last week and 97.9% larger than last year, as Mexico purchased nearly 14,400 MT.

Dec 17 Hogs closed at $63.575, down $0.250,

Feb 18 Hogs closed at $68.475, down $0.475

Apr 18 Hogs closed at $72.400, down $0.575




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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