Lean Hogs Market News and Commentary
BRUG - Fri Mar 08, 5:15PM CST

Lean Hog futures saw strong $1.25 to $2.825 gains in most contracts on Friday, with April up 7.36% this week. The CME Lean Hog Index was down 10 cents from the previous day @ $51.75 on March 6. Futures expect cash to rally, but the puzzle pieces haven’t settled into place yet. The USDA pork carcass cutout value was up 79 cents on Friday afternoon at an average weighted price of $65.04. The national base hog carcass value was up $1.21 on Friday afternoon at a weighted average of $45.86. Pork production for 2019 was estimated at 27.43 billion lbs this morning by USDA, up 90 million from last month.

Apr 19 Hogs closed at $60.550, up $2.825,

May 19 Hogs closed at $68.925, up $2.350

Jun 19 Hogs closed at $78.175, up $2.650

--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.