Friday Hog futures Mixed

Lean hog futures are mixed so far this Friday, Basis firmed 27 cents yesterday as the CME Lean Hog Index dropped 20 cents, to $60.16 for 11/05. USDA’s pork carcass cutout value was $2.10 higher this morning. The national average base hog price was unchanged at $45.21. This morning’s WASDE report updated 4th quarter pork production estimates to 7.46 billion lbs to bring the 2019 production to 27.620 billion lbs. USDA official weekly hog slaughter under federal inspection was 2,690,305 million head, at an average dressed weight of 213 lbs for the week ending 10/26. The week to date USDA estimated Hog slaughter is 1.895 million head

DEC 19 Hogs are at $64.325, up $0.025,

FEB 19 Hogs are at $73.625, down $0.150

APR 20 Hogs are at $79.900, down $0.250

--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.