Lean Hogs Market Commentary

Lean hog futures are down $.15 to $1.20 on economic concerns, with the US stock market again selling off. October needs to stick close to the cash index due to expiration. The CME Lean Hog Index was down 3 cents on October 8 to $69.33. The USDA pork carcass cutout value was 45 cents higher on Wednesday morning at $79.51. The loin was the only primal lower. The national base hog carcass value was 53 cents lower on Wednesday morning at $62.76. FI hog slaughter was estimated at 943,000 head WTD through Tuesday. That is up 16,000 head from last week and 24,000 head above than the same week last year.

--Call Brugler Marketing & Management @ (402) 289-2330 with questions or news tips.

Oct 18 Hogs are at $68.600, down $0.150,

Dec 18 Hogs are at $56.000, down $0.575

Feb 19 Hogs are at $64.425, down $1.200




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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