Lean Hogs

Lean hog futures are mixed at midday, with the nearby contracts 32.5 to 57.5 cents higher, as deferred contracts are lower. The CME Lean Hog Index for 6/14 was up another 83 cents to $82.93. The USDA pork carcass cutout value was 65 cents higher in the morning report, with a weighted average of $95.55. The loin was the only primal cut lower. The national base hog carcass price was 15 cents lower with a weighted average of $83.82 in the morning report. Prices ranged from $78.00-$85.00. Through Thursday, estimated week to date FI hog slaughter was 1,710,000 head, 44,000 fewer than last week but now 5,000 head above last year.

Jul 17 Hogs are at $82.625, up $0.575,

Aug 17 Hogs are at $79.250, up $0.325

Oct 17 Hogs are at $66.800, down $0.400

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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