Lean Hogs

Lean hog futures ended the Friday session mixed, with most contracts lower and a few back months slightly higher. The CME Lean Hog Index on March 14 was down 45 cents from the previous day to $65.93. The USDA pork carcass cutout value was 23 cents lower at $72.57 in the Friday PM report. The national base hog weighted average price was $1.31 lower at $57.26 on Friday afternoon. The USDA estimated FI hog slaughter at 2,413,000 head through Saturday. That is up 10,000 head from the previous week and 81,000 head more than the same week last year. Spec funds held a net long position of just 9,832 contracts on March 13 in lean hog futures and options. That was down 5,232 contracts from the previous week.

Apr 18 Hogs closed at $65.450, down $0.275,

May 18 Hogs closed at $72.750, unch,

Jun 18 Hogs closed at $79.125, down $0.050




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.