Lean hog futures went into the weekend closing mixed and within 17 cents of UNCH. April contracts rallied $4.22 from Friday to Friday. The Lean Hog Index from CME for March 10 was 89 cents higher to $87.65. USDA’s National Average Base Hog price was $1.65 lower to $84.40.
Pork cutout futures closed mostly lower on Friday, down 2 to 45 cents. July cutout contracts closed 2 cents higher to $105.37 cwt. USDA’s National Pork Carcass Cutout Value was $1.39 weaker on Friday PM to $98.30. USDA’s estimate for last week’s FI hog slaughter through Saturday was 2.583m head. YTD slaughter is estimated at 26.702m head, down from 27.746 at this time last year.
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<p>Market Commentary provided by:<br /> <img src="https://s3.amazonaws.com/images1.aws.barchart.com/logos/bruglerlogo.gif" border="0" /><br /> Brugler Marketing & 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>
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