Lean Hogs Market Commentary

Lean hog futures are down $.15 to $1.20 on economic concerns, with the US stock market again selling off. October needs to stick close to the cash index due to expiration. The CME Lean Hog Index was down 3 cents on October 8 to $69.33. The USDA pork carcass cutout value was 45 cents higher on Wednesday morning at $79.51. The loin was the only primal lower. The national base hog carcass value was 53 cents lower on Wednesday morning at $62.76. FI hog slaughter was estimated at 943,000 head WTD through Tuesday. That is up 16,000 head from last week and 24,000 head above than the same week last year.

--Call Brugler Marketing & Management @ (402) 289-2330 with questions or news tips.

Oct 18 Hogs are at $68.600, down $0.150,

Dec 18 Hogs are at $56.000, down $0.575

Feb 19 Hogs are at $64.425, down $1.200

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.