Lean Hogs
Brugler Marketing and Management, LLC - BRUG - Wed Jul 11, 11:56AM CDT

Lean hog futures are showing mixed trade on Wednesday, with nearby July up 20 cents and back months slightly lower. The CME Lean Hog Index was down 25 cents on July 7, to $81.67. The USDA pork carcass cutout value was down 9 cents on Wednesday morning at $84.01. The butt primal was down $4.23, with the picnic $4.41 lower and all other primal cuts reported higher. The national base carcass price was down 69 cents from the previous day, reported at $75.49. USDA estimated FI hog slaughter at 901,000 head through Tuesday, down 25,000 head from last week but 24,000 head above last year.

Jul 18 Hogs are at $79.700, up $0.200,

Aug 18 Hogs are at $69.600, down $0.175

Oct 18 Hogs are at $53.400, down $0.375

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

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