Lean Hogs

Lean hog futures are posting losses of $1.60 to $2.25 in the front months at midday. The CME Lean Hog Index for 11/10 was down 47 cents to $67.00. The national base hog average was down 50 cents at $58.43 this morning. The USDA pork carcass cutout value for Tuesday morning was 4 cents higher at $81.30. Spec traders in lean hog futures and options held a net long position of 78,206 contract for the week ending Nov 7. During that week, they added another 10,314 contracts to their net long position. The daily USDA AMS hog slaughter report showed 464,000 for Monday, up 4K from the previous week and 26,000 larger than the same Monday in 2016.

Dec 17 Hogs are at $60.275, down $2.025,

Feb 18 Hogs are at $68.050, down $2.250

Apr 18 Hogs are at $72.650, down $1.600

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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