Lean Hogs Market News and Commentary
BRUG - Fri May 17, 7:28AM CDT

Lean Hog futures are mixed on Thursday, with front months lower and deferred contracts higher. The CME Lean Hog Index was up 41 cents from the previous day @ $83.68 on May 14. The USDA pork carcass cutout value was 68 cents lower at $86.13 on Thursday afternoon. The national average base hog was 55 cents lower on Thursday, at an average weighted price of $81.26. Estimated weekly FI hog slaughter was 1.845 million head for the WTD through Thursday. That was 48,000 head below the previous week but 25,000 above the same week last year. USDA’s Export Sales report showed just 10,480 MT of pork sales in the week of May 9, with reductions of 3,247 MT for China. Export Shipments were seen at 23,502 MT in that week, including 4,600 MT to China.

--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.