Lean Hogs

Lean hog futures are mostly 20 to 72.5 cents lower on Friday. The CME Lean Hog Index for 11/8 was down 41 cents to $67.94. The USDA pork carcass cutout value was up 37 cents in the Friday morning report. A sharply lower loin and picnic were offset by a sharply higher butt and ham. The national base hog average was down 8 cents at $59.79 this morning. Week to date FI hog slaughter was estimated at 1,846,000 head through Thursday. That is 15,000 head larger than the previous week and 71,000 head above the same week in 2016. Pork exports for the week of November 2 came in at 23,210 MT, slightly lower wk/wk but still above last year.

Dec 17 Hogs are at $62.450, down $0.725,

Feb 18 Hogs are at $70.000, down $0.225

Apr 18 Hogs are at $73.825, down $0.200




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

First you raise it, then you market it!  Check out the full Brugler advisory service with this special Harvest 2Fer offer at  http://bit.ly/Harvest2Fer.


 

Did June and July leave you with painful grain marketing memories?
Contact Brugler TODAY to discover which of our services is the right prescription for you!
Request product samples and a quick tour of our services here.

Do you want to know what trades Alan Brugler recommends? Subscribe to Ag Market Professional, and become part of the Brugler client group! Not sure? Ask for a FREE SAMPLE and get two FREE GIFTS! Start here

Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.