Lean Hogs Market News and Commentary

Lean Hog futures were mixed on Tuesday, with most contracts steady to 70 cents higher and April down 17.5 cents. The CME Lean Hog Index was down 9 cents from the previous day @ $58.07 on January 18. The USDA pork carcass cutout value was down $1.20 on Tuesday afternoon at an average weighted price of $69.63. The belly was the only primal reported lower, down $9.45. The national base cash hog carcass value was down 15 cents in the PM report, with a weighted average of $52.20. FI hog slaughter was estimated at 876,000 head through Tuesday, which is 67,000 below the previous week but 35,000 head larger than this time last year.

Feb 19 Hogs closed at $61.475, up $0.250,

Apr 19 Hogs closed at $66.100, down $0.175

May 19 Hogs closed at $72.025, unch,

--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.