Lean Hogs

Lean hog futures are mostly $1.575 to $2.275 higher at midday. The CME Lean Hog Index for 6/15 was up another $1.13 to $84.06. The USDA pork carcass cutout value was 41 cents lower in the morning report, with a weighted average of $95.22. The rib was slightly lower with the loin the only other primal lower, down $5.55. The national base hog carcass price was 67 cents higher with a weighted average of $85.30 in the morning report. Prices ranged from $80.00-$87.00. Through Saturday, week to date FI hog slaughter is estimated at 2,179,000 head, 13,000 fewer than last week but now 27,000 head above last year.

Jul 17 Hogs are at $83.900, up $1.575,

Aug 17 Hogs are at $81.400, up $2.275

Oct 17 Hogs are at $68.625, up $1.850

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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