Lean Hogs Market Commentary

Lean Hog futures were steady to $1.10 lower in most contracts on Thursday, with nearby Dec up a dime. The CME Lean Hog Index was down 28 cents from the previous day @ $63.72 on November 6. The USDA pork carcass cutout value was down $1.18 @ $71.57 in the Thursday afternoon report. The national base hog carcass value was $1.18 lower this afternoon, with a weighted average of 54.31. There are a lot of minuses in those sentences. FI hog slaughter was estimated 1.898 million head through Thursday by the USDA, with Wednesday’s slaughter revised down to 472,000 head. That is still up 15,000 from the previous week and 52,000 higher than the same week in 2017. USDA Pork production for 2018 was reduced 105 million pounds to 26.32 billion on lower fourth quarter production. Their production estimate for 2019 was down 95 million pounds to 27.715 billion.

--provided by Brugler Marketing & Management




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.