Hogs See Gains on Wednesday

Lean Hog futures saw $1.10 to $2.35 gains in the front months on Wednesday. The CME Lean Hog Index rose $0.37 to $59.59 on Oct 7. The USDA pork carcass cutout value dropped $1.44 to close Wednesday at $76.01. Primal cuts are mixed and we see ribs made a rebound since being lower at middays. The national average base hog value saw $1.65 gains on Wednesday, up to $53.90. FI hog slaughter for this week through Wednesday was 1.463 million head. That is down 71,000 head above last year’s weekly pace, even with Monday’s kill revised 5,000 head lower.

OCT 19 Hogs closed at $62.800, up $1.10,

DEC 19 Hogs closed at $69.475, up $2.075,

FEB 20 Hogs closed at $75.950, up $2.35,

-- 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.