Lean Hogs

Lean hog futures are steady to 60 cents higher in most contracts on the day. The CME Lean Hog Index for 11/20 was down 42 cents to $64.41. The national base hog average price was a nickel higher at $56.64 this morning. The USDA pork carcass cutout value was $1.16 higher at $82.03 in the Wednesday morning report. The weekly USDA AMS hog slaughter report showed 924,000 through Tuesday. That is down 5,000 from the previous week but 33,000 more than the same week in 2016. The USDA Cold Storage report this morning showed frozen pork stocks at the end of October totaled 597.295 million pounds. That is a drop of 3.45% from September and 0.29% lower that October 2016. The domestic and export markets continue to absorb larger 2017 production.

Dec 17 Hogs are at $61.300, up $0.600,

Feb 18 Hogs are at $67.225, up $0.275

Apr 18 Hogs are at $71.625, up $0.250

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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