Lean Hogs

Lean hog futures continue to rally into year end, with gains of 10 to 50 cents this morning fading into UNCH to 20 higher at midday. The CME Lean Hog Index for 12/27 was down 1 cents to $61.58. The USDA pork carcass cutout value was up 23 cents at $78.26 this morning, with hams the strongest component. The national base hog price is 53 cents higher at $58.46 this morning. The USDA weekly FI hog slaughter was estimated at 1,287,000 head through Thursday. That is down 39,000 head from the same week last year. USDA reported pork export sales for 2017 of 16,600 MT this morning, with 2018 sales for the week ending December 21 at 14,400 MT. Russia has confirmed an outbreak of H5N2 avian flu, with more than 660,000 birds culled thus far as a preventative measure.

Feb 18 Hogs are at $71.875, up $0.325,

Apr 18 Hogs are at $75.775, up $0.075

May 18 Hogs are at $80.200, up $0.125

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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