Lean Hog Futures Reflect Mixed Market Trends

On Monday, lean hog futures showed a mixed performance, with contracts falling between 15 to 82 cents while a few deferred contracts rose. The national average base hog negotiated price increased to $81.02, marking a rise of 89 cents from the prior day. In contrast, the CME Lean Hog Index reported a decline of 20 cents, settling at $83.73 on December 5.

Meanwhile, the USDA’s FOB plant pork cutout value rose significantly on Monday afternoon, up $2.47 to reach $93.63 per cwt. The only segments to see a decrease were the loin and picnic cuts. The rib and ham cuts contributed positively, increasing by $7.21 and $7.18 respectively. Additionally, the USDA estimated a Monday FI hog slaughter of 489,000 head, which remained consistent with last week’s figures and represented an increase of 16,483 head compared to the same day last year.

Dec 24 Hogs closed at $82.900, down $0.400.

Feb 25 Hogs closed at $86.500, down $0.825.

Apr 25 Hogs closed at $91.200, down $0.650.

On the date of publication, Austin Schroeder did not hold positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information, please view the Barchart Disclosure Policy here.

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