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Lean Hogs Still Future Bullish
BRUG - Tue Sep 17, 7:29AM CDT

Lean Hog futures were down $2.85 in nearby October, with other front months up 75 cents to $1.975. The CME Lean Hog Index was down another 98 cents at $59.71 on September 12. The Fresh Bacon Index was down $9.21 from the week prior at $136.29. The USDA pork carcass cutout value FOB plant was down 45 cents on Monday afternoon at $68.66. The national average base hog value was 13 cents higher at $45.08 on Monday. Estimated FI hog slaughter was 487,000 head on Monday, 73,000 head above the same week in 2018 and 2,000 head above last week. The Chinese Ag Ministry now says the country’s hog herd is 38.7% smaller than last year, with sow numbers 37.4% lower.

-- provided by Brugler Marketing & Management

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