Lean Hogs Supported by Chinese Herd Shrinkage
BRUG - Thu May 16, 7:27AM CDT

Lean Hog futures posted triple digits gains in the front five months on Wednesday. China’s Ag Ministry says the country’s sow herd in April was down 22.3% from last year, with the hog herd down 20.8% year over year. The CME Lean Hog Index was up 23 cents from the previous day @ $83.27 on May 13. The USDA pork carcass cutout value was $1.83 lower at $86.81 on Wednesday afternoon. The national average base hog was $81.79 on Wednesday, down 22 from the previous day. Estimated weekly FI hog slaughter was 1.381 million head for the WTD through Wednesday. That was 34,000 head below the previous week but 8,000 above the same week last year. --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.