Hogs Mixed at Midday
BRUG - Mon May 20, 12:17PM CDT

Lean Hog futures are mixed on Monday, with front months lower and deferred contracts higher. The CME Lean Hog Index was up 38 cents from the previous day @ $84.59 on May 16. The weekly update to the Fresh Bacon Index shows a price of $168.17/cwt, up $12.78 from the week prior. The USDA pork carcass cutout value was up a sharp $3.82 at $89.09 on Monday morning. The ham was the only primal lower, with the often-volatile belly up $23.18. The national average base hog was 96 cents lower on Monday, at an average weighted price of $80.19. Estimated weekly FI hog slaughter was 2.371 million head including Saturday. That was 30,000 head below the previous week but 32,000 above the same week last year.

Jun 19 Hogs are at $91.550, down $0.825,

Jul 19 Hogs are at $92.800, down $0.200

Aug 19 Hogs are at $94.300, up $0.350

--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.