Lean Hogs

Lean hog futures were 22.5 cents to $1.55 in the red on Wednesday. The CME Lean Hog Index for 12/4 was up 43 cents to $64.35. The USDA pork carcass cutout value was $2.03 lower at $82.75 in the Wednesday afternoon report. The belly and rib were the only cuts reported higher. The national base hog price was 22 cents lower at $59.28. The IA/MN region cash hog average was 51 cents lower, with the WCB down 48 cents. The USDA FI hog slaughter was estimated at 1,395,000 head through Wednesday. That is up 31,000 head from the previous week and 76,000 head more than last year. US pork exports during October were a record 494.643 million pounds for the month. That was 9.6% larger than October 2016 and a 17.4% jump from the September Census report.




Market Commentary provided by:

Brugler Marketing & Management LLC
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Phone: 402-697-3623
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