Hogs See Gains on Wednesday
BRUG - Wed Oct 09, 5:16PM CDT

Lean Hog futures saw $1.10 to $2.35 gains in the front months on Wednesday. The CME Lean Hog Index rose $0.37 to $59.59 on Oct 7. The USDA pork carcass cutout value dropped $1.44 to close Wednesday at $76.01. Primal cuts are mixed and we see ribs made a rebound since being lower at middays. The national average base hog value saw $1.65 gains on Wednesday, up to $53.90. FI hog slaughter for this week through Wednesday was 1.463 million head. That is down 71,000 head above last year’s weekly pace, even with Monday’s kill revised 5,000 head lower.

OCT 19 Hogs closed at $62.800, up $1.10,

DEC 19 Hogs closed at $69.475, up $2.075,

FEB 20 Hogs closed at $75.950, up $2.35,

-- provided by Brugler Marketing & Management




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