Lean Hogs
BRUG - Thu Dec 07, 11:50AM CST

Lean hog futures are posting losses of 15 to 80 cents on Thursday The CME Lean Hog Index for 12/5 was up 3 cents to $64.38. The USDA pork carcass cutout value was 79 cents higher at $83.54 in the Thursday morning report. The belly, ham, and rib were reported lower. The national base hog price was 77 cents lower at $58.05. Both the WCB and IA/MN region cash hog averages were down $1.35. The USDA FI hog slaughter was estimated at 1,395,000 head through Wednesday. That is up 31,000 head from the previous week and 76,000 head more than last year. Pork export sales of 22,629 MT were reported for the week ending 11/30 by the USDA this morning. That was up 47.3% from last week and 97.9% larger than last year, as Mexico purchased nearly 14,400 MT.

Dec 17 Hogs are at $63.675, down $0.150,

Feb 18 Hogs are at $68.350, down $0.600

Apr 18 Hogs are at $72.175, down $0.800




Market Commentary provided by:

Brugler Marketing & Management LLC
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Phone: 402-697-3623
Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

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