Futures Prices

Fri Oct 12, 5:22PM CDT
Lean hog futures were 57 cents higher to $1.07 lower, with contracts past December in the minus column. The CME Lean Hog Index was down 6 on October 10 @ $69.28. The USDA pork carcass cutout value was $1.43 higher in the afternoon report at $80.04. The national base hog carcass value was 24 cents lower on Friday at a weighted average of $61.45. Weekly FI hog slaughter was estimated at 2.489 million head. That was down 14,000 head from last week and 23,000 head below the same week last year. Export sales of pork in the week that ended 10/4 totaled 16,708 MT, 5.3% above the same time in 2017. Shipments recorded by USDA were the largest since May at 24,813 MT.Oct 18 Hogs closed at $68.750, up $0.075,Dec 18 Hogs closed at $55.000, up $0.575Feb 19 Hogs closed at $62.225, down $0.200

Fri Oct 12, 5:22PM CDT
Live cattle futures closed 30 to 85 cents lower in the nearby contracts. Feeder cattle futures were down $1.27 to $2.12 on rising feed costs. The CME feeder cattle index was down a penny on October 10 at $158.37. Wholesale beef prices were mixed this week. Choice boxes were 54 cents lower (-0.3%) while Select rose 54 cents (+0.3%). Weekly beef production was down 0.4% from the previous week but 3.2% larger than the same week a year ago. Weekly FI slaughter was estimated at 639,000 head, which would be 4,000 below last week. US Beef export sales in the week of 10/4 totaled 13,305 MT, up 2.3% from the same week last year. Exports in that week totaled a MY high 21,265 MT.Oct 18 Cattle closed at $112.325, down $0.300,Dec 18 Cattle closed at $116.175, down $0.600,Feb 19 Cattle closed at $120.400, down $0.850,Oct 18 Feeder Cattle closed at $154.700, down $2.025Nov 18 Feeder Cattle closed at $154.625, down $2.125Jan 19 Feeder Cattle closed at $149.750, down $1.750 --provided by Brugler Marketing & Management, Call (402) 289-2330