Lean Hogs

Lean hog futures are trading 55 to 95 cents lower at midday. The CME Lean Hog Index for 11/17 was down 59 cents to $64.83. The national base hog average price was 29 cents lower at $56.17 this morning. The USDA pork carcass cutout value was 59 cents lower at $81.68 in the Monday morning report. The picnic and belly were the only cuts reported higher. The weekly USDA AMS hog slaughter report showed 465,000 on Monday. That is up 1,000 from the previous week and 11,000 more than the same week in 2016.

Dec 17 Hogs are at $61.300, down $0.725,

Feb 18 Hogs are at $67.525, down $0.950

Apr 18 Hogs are at $71.825, down $0.550

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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