After opening the session below Tuesday’s close, lean hog futures ended the midweek session 30 to 87 cents lower. The CME Lean Hog Index for Nov 30 was down another 14 cents at $66.67. USDA’s National Average Afternoon Base Hog price for Wednesday was $56.64, down by 12 cents. Pork Cutout futures also closed in the red, down 62 to 82 cents in the front months. USDA’s National Pork Carcass Cutout value was $79.86 in the afternoon update, down $2.78. hams shot to a 3 week high of $92.79, on an $18.96 jump. USDA’s FI hog slaughter for the week is 1.482 million head. That is down 7k yr/yr and down 6k from week to week.
| Dec 20 Hogs closed at $66.350, down $0.625, |
| Feb 21 Hogs closed at $67.875, down $0.875 |
| Apr 21 Hogs closed at $70.875, down $0.500 |
| Dec 20 Pork Cutout closed at $80.875, down $0.825, |
--- provided by Brugler Marketing & Management
<p>Market Commentary provided by:<br /> <img src="https://s3.amazonaws.com/images1.aws.barchart.com/logos/bruglerlogo.gif" border="0" /><br /> Brugler Marketing & Management LLC<br /> 1908 N. 203rd St.Omaha, NE 68022<br /> Phone: 402-697-3623<br /> Fax: 402-289-2353<br /> E-mail: <a href="mailto:alanb@bruglermktg.com">alanb@bruglermktg.com</a><br /> Web: <a href="http://bruglermarketing.com/">http://bruglermarketing.com</a></p>
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