Lean Hogs

Lean hog futures are mixed today, with the front contracts lower but summer futures in the plus column. The CME Lean Hog Index for 12/28 was up 14 cents at $61.72. The USDA pork carcass cutout value FOB plant is up 74 cents this morning per USDA, with bellies leading the way. The national base hog weighted average price is up 38 cents at $59.12. The IA/MN region was up 53 cents at $59.72. The USDA weekly FI hog slaughter was estimated at 2.107 million head. That is up 37,000 head from the same week last year.

Feb 18 Hogs are at $71.000, down $0.775,

Apr 18 Hogs are at $75.300, down $0.350

May 18 Hogs are at $80.200, up $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

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