Lean Hogs Market News and Commentary
BRUG - Mon Sep 09, 5:02PM CDT

Lean Hog futures posted 90 cent to $2.575 losses in the front months on Monday. The CME Lean Hog Index was down another 56 cents at $64.69 on September 5. The Fresh Bacon Index was down $33.44 from the previous week on Sep 6 at $145.50. The USDA pork carcass cutout value FOB plant was down $1.41 on Monday afternoon at $71.91. The ham, up $1.23, was the only primal reported higher. The national average base hog value was $1.42 lower at $50.69. Estimated FI hog slaughter was 485,000 head for Monday, even with the same week in 2018. The Philippines also now has confirmed cases of ASF for the first time. China has announced a subsidy program to help construct new large scale hog farms in order to help build up the world’s largest hog herd following the ASF outbreak.

OCT 19 Hogs closed at $62.600, down $0.900,

DEC 19 Hogs closed at $59.950, down $2.525

FEB 19 Hogs closed at $68.275, down $2.575

-- provided by Brugler Marketing & Management




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