Hogs Higher at Midday

Front month lean hog futures are trading with midday gains of 32 to 80 cents, with Oct and Dec up triple digits. Cash market indicators had been climbing, but are mixed this morning. The CME Lean Hog Index was $77.26 on 10/02, up 45 cents. USDA’s National Average Base Hog price was $0.32 lower in the AM update at $64.23. USDA’s National Pork Carcass Cutout value was $94.50 down a nickel. The primal cuts were mixed, but bellies, up $18.73, and hams, down $13.54, were the biggest movers. Monday’s FI hog slaughter was estimated at 489,000 head. That starts the week even with LW but 4k head above LY.

Oct 20 Hogs are at $76.050, up $1.300,

Dec 20 Hogs are at $63.825, up $1.175

Feb 21 Hogs are at $68.975, up $0.800

--- 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.