Hogs Mixed at Midday

Lean Hog futures are up 12.5 to 27.5 cents in the front months, with most other contracts steady to $1 lower. The CME Lean Hog Index was down 52 cents from the previous day on August 8 at $82.33. The weekly Fresh Bacon Index was up $12.48 at $199.32 on 8/9. The USDA pork carcass cutout value was up $2.93 on Monday morning at $93.37. The belly was up $17.76. The national average base hog value was down another $1.87 in the Monday AM report at $69.00. Estimated weekly FI hog slaughter was 2.354 million head, up 3,000 head from the previous week and 13,000 head above the same week a year ago. Pork production for 2019 is projected at 27.633 billion lbs, down 15 million from the July report. Production in 2020 is expected at 28.41 billion lbs.

AUG 19 Hogs are at $79.150, up $0.125,

OCT 19 Hogs are at $67.250, up $0.275

DEC 19 Hogs are at $63.700, down $0.975

---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.