Lean Hogs

Lean hog futures ended mixed on Friday as July was 27.5 cents higher and back months as much as 80 cents lower. The CME Lean Hog Index for 6/14 was up another 83 cents to $82.93. The USDA pork carcass cutout value was 73 cents higher in the afternoon report, with a weighted average of $95.63. The picnic was the only primal cut lower. The national base hog carcass price was 75 cents lower with a weighted average of $84.72 in the afternoon report. Prices ranged from $79.00-$86.00. 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 closed at $82.325, up $0.275,

Aug 17 Hogs closed at $79.125, up $0.200

Oct 17 Hogs closed at $66.775, down $0.425

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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