Lean Hogs Market Commentary
cmdty Insider - BRUG - Thu Oct 11, 12:12PM CDT

Lean hog futures are 27.5 cents higher in soon to expire Oct, with other contracts triple digits lower. October needs to stick close to the cash index due to Friday’s expiration. The CME Lean Hog Index was up a penny on October 9 to $69.34. The USDA pork carcass cutout value was 11 cents higher on Thursday morning at $79.31. The national base hog carcass value was 34 cents higher this morning at $62.99. FI hog slaughter was estimated at 1.381 million head WTD through Wednesday. That is down 22,000 head from last week and 4,000 head below the same week last year. USDA estimated pork production for 2018 was cut by 250 million pounds to 26.425 billion pounds, on large reductions to 3rd and 4th quarter production.

OCT 18 Hogs are at $68.750, up $0.275,

DEC 18 Hogs are at $54.250, down $1.700

FEB 19 Hogs are at $62.900, down $1.625

--Call Brugler Marketing & Management @ (402) 289-2330 with questions or news tips.




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.