Hogs Mixed on Monday

Lean Hog futures were mixed at Monday’s close, with July expiring at $70.775 and deferred contracts higher. The CME Lean Hog Index was up 8 cents from the previous day @ $70.73 on July 11. The CME Fresh Bacon Index was down 60 cents from the week prior at 132.08 on July 12. The USDA pork carcass cutout value was up $1.25 in the Monday PM report at $72.90. The national average base hog price was up 37 cents on Monday at $68.45. Estimated FI hog slaughter for Monday was 410,000 head. That was down 69,000 head from last week and 19,000 head below the same week last year.

JUL 19 Hogs closed at $70.775, down $0.275,

AUG 19 Hogs closed at $80.100, down $0.550

OCT 19 Hogs closed at $73.900, up $0.675

--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.