Lean Hogs Market News and Commentary

Lean Hog futures are posting triple digit gains in most contracts on Monday, with front month April up $2.375. The CME Lean Hog Index was down 4 cents from the previous day @ $51.71 on March 7. The USDA pork carcass cutout value was up $2.64 on Monday morning at an average weighted price of $67.68. The belly led the way, up $15.27, with the rib up $6.65. The national base hog carcass value was not reported due to confidentiality reasons, with the 5-day rolling average at $44.91. Last week’s USDA FI hog slaughter was at 2.548 million head, 99,000 head larger wk/wk and 138,000 head above last year.

Apr 19 Hogs are at $62.925, up $2.375,

May 19 Hogs are at $70.700, up $1.775

Jun 19 Hogs are at $79.575, up $1.400

--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.