Lean Hogs Market News and Commentary

Lean Hog futures closed the Friday session with most contracts another 22.5 cents to $1.175 lower. The CME Lean Hog Index was down 27 cents from the previous day @ $56.89 on February 6. The USDA pork carcass cutout value was down 29 cents on Friday afternoon at an average weighted price of $64.82. The national base cash hog carcass value was down 13 cents, with a weighted average of $49.43. USDA estimated FI hog slaughter for the week at 2.516 million head including Saturday. That is well above the previous week and the same week last year. The 2018 US full year pork production number was increased by 10 million lbs to 26.32 billion in the Friday WASDE report.

--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.