Hog Bulls Show Some Gumption
Related Stocks
 HEJ24 - Lean Hogs
SymLastChgPct
HEJ2486.850+0.750+0.87%
HEM24101.600unchunch
KMJ2495.500s+1.550+1.65%

Lean hog futures went into the weekend with triple digit gains. USDA’s National Average Base hog price was $68.32 this morning, back up by 14 cents. CME’s Lean Hog Index was $88.82 on 10/13 which was another 91 cents weaker.  

Export Sales data reported 34,478 MT of pork was sold during the week ending 10/7. Total pork commitments were 1.6 MMT as of 10/7, which is 9.4% behind last year’s record pace but up 6% from 2019’s pace.   

Pork cutout futures also closed up by triple digits. USDA’s National Pork Carcass Cutout Value for Friday afternoon was $4.74 lower, to $101.32 as butts were the only primal to increase. USDA’s estimate for the week’s FI hog slaughter was 2.637 million head through Friday. That trailed the same week last year by 48k. YTD slaughter is now over 100m head, but still 1.9% behind last year’s pace. 

Feb 22 Hogs  closed at $81.325, up $1.025, 

Apr 22 Hogs  closed at $85.175, up $1.375 

Dec 21 Pork Cutout  closed at $94.950, up $1.125,




<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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