Mixed Hog Futures for Thursday
BRUG - Thu Nov 07, 12:14PM CST

Lean hog futures are mixed. Net sales of 16,600 MT reported for the week ending 10/31 were 45 percent lower than the previous week, and 82 percent lower than the prior 4-week average. The weekly export sales report showed 33,545 MT were shipped, which was 3.2% above last week, and 32.7% above the same week last year. The weekly export data does not include all official export reports, which come out monthly with a lag. The Nov. 4 CME Lean Hog Index was lower by 52 cents, at $60.36. USDA’s pork carcass cutout value is down 78 cents at midday. Thursday’s national average base hog price was 46.98, at midday. The week to date USDA estimated Hog slaughter was 1.474 million head through Wednesday.

Dec 19 Hogs are at $64.225, down $0.550,

Feb 20 Hogs are at $73.550, up $0.775

Apr 20 Hogs are at $79.725, up $0.350

--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.