Lean Hogs
BRUG - Wed Jan 03, 4:49PM CST

Lean hog futures were mostly higher on Wednesday with front month Feb up 32.5 cents. The CME Lean Hog Index for 12/29 was up 51 cents at $62.23. The USDA pork carcass cutout value was 43 cents higher in this afternoon’s report at $78.76. The belly was the only cut reported lower. The national base hog weighted average price was up $1.65 to $60.54. The USDA week to date FI hog slaughter was estimated at 907,000 head. That is up 86,000 head from last week and 22,000 larger than the same week last year.

Feb 18 Hogs closed at $71.050, up $0.325,

Apr 18 Hogs closed at $75.425, up $0.575

May 18 Hogs closed at $79.975, up $0.175

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

Did you know Brugler Marketing & Management has more to offer to you than just this free daily commentary?! Producers just like you rely on our custom research and daily guidance on when and how to market their commodities. Click here to learn more about what we have to offer, or call 402-697-3623. Do it today!

Do you want to know what trades Alan Brugler recommends? Subscribe to Ag Market Professional, and become part of the Brugler client group! Not sure? Ask for a FREE SAMPLE and get two FREE GIFTS! Start here

Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.