Hogs Post Gains on Turnaround Tuesday

Lean Hog futures settled 12.5 cents to $1.825 higher in most contracts on Tuesday. The CME Lean Hog Index was down another 94 cents at $63.75 on September 6. The USDA pork carcass cutout value FOB plant was up 8 cents on Tuesday afternoon at $71.99. One would have expected a bigger pop in the cutout if the Chinese were actually buying. The national average base hog value was $1.72 lower at $48.93. Estimated FI hog slaughter was 970,000 head through Tuesday, 40,000 head above the same week in 2018. We will have to have a number of weeks later this fall with 2.5-2.6 million head runs.

OCT 19 Hogs closed at $62.725, up $0.125,

DEC 19 Hogs closed at $61.775, up $1.825

FEB 20 Hogs closed at $69.150, up $0.875

-- 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.