Hogs Higher at Thursday Close

Lean hog futures closed the Thursday session with gains of 20 to 80 cents. August ended the day at $53.70 ahead of Friday’s expiration. The Lean Hog Index from CME was $53.82 for August 11, which was a 3 cent increase. USDA’s National Average Base Hog price for Thursday afternoon was quoted at $37.51, down by 17 cents. The Weekly Export Sales report had pork bookings at a low 10,481 MT for the week ending August 6. That was about half of the same week yr/yr, and the lowest since COVID-19 afflicted sales in May. Shipments from the report were 34,900 MT, which was 1.5% higher wk/wk and up 32% on the year. USDA’s National Pork Carcass Cutout value was up $1.32 to $73.76. USDA estimated 1.874 million hogs slaughtered WTD through Thursday. That trails the same week last year by 23k head.

Oct 20 Hogs closed at $52.350, up $0.750

Dec 20 Hogs closed at $54.350, up $0.950

Feb 21 Hogs closed at $61.475, up $0.575

--- 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.