Lean Hogs
BRUG - Wed Jun 14, 7:26AM CDT
Lean hog futures finished Tuesday with gains of 20 cents to $1.575 in the front months, with deferred contracts 5 to 22.5 cents lower. The CME Lean Hog Index for 6/9 was up another 57 cents to $80.59. The USDA pork carcass cutout value was $1.83 higher in the afternoon report, with a weighted average of $94.97. All primal cuts were reported higher. The national base hog carcass price was $2.54 higher with a weighted average of $79.76 in the afternoon report. The higher cash values encouraged futures to reverse Monday losses. Through Tuesday, estimated FI hog slaughter WTD was 844,000 head, 31,000 fewer than last week and 10,000 head below last year.


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.

 

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.