Losses for Lean Hogs to Start the Week

Lean Hog futures are down $1.37 to $2.90 at midday. A total of 93.352 million lbs of pork was shipped to China during August, which was 18.4% of the total shipments. So far this year 427.231 million lbs have been exported to China, which is up 90.9% vs. last year through August. The CME Lean Hog Index was up 51 cents to $59.23 on Oct 3. Monday’s USDA pork carcass cutout value was up $3.26 to $78.43 at midday. Primal cuts are mostly higher with ribs down 18 cents. The national average base hog value was 8 cents lower on Friday, at $49.02. FI weekly total estimated hog slaughter beat the same week last year’s total by 0.8% at 2.669 million head.

OCT 19 Hogs are at $61.025, down $1.375,

DEC 19 Hogs are at $64.325, down $2.925

FEB 20 Hogs are at $71.650, down $2.825

-- 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.