Hogs Finish Lower on Wednesday
BRUG - Wed Nov 27, 4:24PM CST

Lean hog futures finished lower on the day, noticing decreases of 15 cents to 72 cents. The 11/25 CME Lean Hog Index was $57.88 after a 30 cent decrease. The USDA pork carcass cutout value was again lower, at $79.80 following a $2.28 drop. Belly cuts were marked at $94.87, after a $14.57 per hundredweight drop. USDA’s national average base hog price for 11/27 was $42.80, for a 35 cent gain. USDA estimates FI hog slaughter for the shortened week to be 1.465 million head through Wednesday; the USDA revised Tuesday’s estimates lower by 16,000 head.

DEC 19 Hogs closed at $60.675, down $0.150,

FEB 19 Hogs closed at $67.150, down $0.675

APR 20 Hogs closed at $73.625, down $0.725

--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.