Lean Hogs
BRUG - Mon Aug 21, 11:35AM CDT

Lean hog futures are posting losses of $1.40 to $1.45 in the nearby contracts at midday. The CME Lean Hog Index for 8/17 was 51 cents lower than the previous day at $83.19. The USDA pork carcass cutout value was 62 cents lower in the Monday morning report, with a weighted average of $90.14. The loin butt and ham were all slightly lower. The national base hog carcass was down 88 cents at $72.48 in the AM report. Weekly FI hog slaughter was estimated at 2,332,000, 60,000 head larger than the previous week and up 37,000 from the same week in 2016 if the Saturday estimates were accurate. Spec traders added another 5,663 contracts to their net long position in lean hog futures and options as of Tuesday, to +81,149 contracts. That was just in time for the sell off.

Oct 17 Hogs are at $64.700, down $1.425,

Dec 17 Hogs are at $59.875, down $1.450

Feb 18 Hogs are at $64.600, down $1.400




Market Commentary provided by:

Brugler Marketing & Management LLC
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Phone: 402-697-3623
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