Hogs Lower at Midday

Lean Hog futures are down 12.5 cents in the nearby contract, with back months as much as $1.45 lower. The CME Lean Hog Index was down 29 cents from the previous day @ $79.66 on June 10. The USDA pork carcass cutout value was down $1.02 on Wednesday morning at $82.74. The picnic and belly primals were the only ones reported higher. The national average base hog was down 46 cents at $74.74 per hundred pounds. This week’s estimated FI hog slaughter through Tuesday was 949,000 head. That is 5,000 head above last week and 58,000 head larger than the same week last year.

Jun 19 Hogs are at $78.950, down $0.125,

Jul 19 Hogs are at $84.000, down $0.375

Aug 19 Hogs are at $81.950, down $1.025

--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.