Hogs Give Back Gains Heading Into Holiday Weekend
Related Stocks
 HEJ24 - Lean Hogs
SymLastChgPct
HEJ2486.625s+0.525+0.61%
HEM24101.450s-0.150-0.15%
KMJ2495.625s+0.125+0.13%

Lean hog futures were lower on Thursday, having given back 37 to 62 cents in the front months. Feb futures stood out with a $1.12 drop, erasing most of a similar gain from the day before. USDA’s National Average Afternoon Base hog price was 25 cents higher to $61.50. CME’s 12/28 Lean Hog Index was $72.20, up by 38 cents.  

Pork cutout futures ended the session 32 to 75 cents weaker. USDA’s National Pork Carcass Cutout Value for Thursday was $91.35. That was back up by $7.06, with an $18.32 cwt. recovery in loins and a $12.38 cwt. stronger belly quote. USDA estimated FI hog slaughter at 1.890m head for the week through Thursday. That was 126 more than last week and 68k head above the same week last year. 

Feb 22 Hogs  closed at $82.700, down $1.125,

Apr 22 Hogs  closed at $87.825, down $0.625

Feb 22 Pork Cutout  closed at $93.525, down $0.750,




<p>Market Commentary provided by:<br /> <img src="https://s3.amazonaws.com/images1.aws.barchart.com/logos/bruglerlogo.gif" border="0" /><br /> Brugler Marketing &amp; 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> <p align="center"><!-- [if gte mso 9]><xml> <w:WordDocument> <w:View>Normal</w:View> <w:Zoom>0</w:Zoom> <w:TrackMoves/> <w:TrackFormatting/> <w:PunctuationKerning/> <w:ValidateAgainstSchemas/> <w:SaveIfXMLInvalid>false</w:SaveIfXMLInvalid> <w:IgnoreMixedContent>false</w:IgnoreMixedContent> <w:AlwaysShowPlaceholderText>false</w:AlwaysShowPlaceholderText> <w:DoNotPromoteQF/> <w:LidThemeOther>EN-US</w:LidThemeOther> <w:LidThemeAsian>X-NONE</w:LidThemeAsian> <w:LidThemeComplexScript>X-NONE</w:LidThemeComplexScript> <w:Compatibility> <w:BreakWrappedTables/> 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