Hogs Mixed at Midday

Lean Hog futures are trading 15 to 85 cents lower in the front months, with deferred contracts higher. The CME Lean Hog Index was down 34 cents from the previous day @ $78.31 on June 24. The USDA pork carcass cutout value was down 95 cents @ $74.63. The belly primal was down $2.62, with the rib $10.26 lower. The national average base hog price was down $1.76 on Wednesday morning at $70.31 per hundred pounds. Estimated weekly FI hog slaughter through Tuesday was 923,000 head. That was down 21,000 from the previous week after a slow Monday, but 42,000 more than the same week in 2018. Analysts expect NASS to show the June 1 hog herd at 75.052 million head this Thursday, up 3% from last year. Hogs kept for breeding are seen up 2.1% at 6.453 million, with marketing at 68.609 million head up 3.1% yr/yr.

Jul 19 Hogs are at $73.550, down $0.850,

Aug 19 Hogs are at $75.625, down $0.550

Oct 19 Hogs are at $69.750, down $0.150

--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.