Lean Hogs Show Resilience Amid Market Fluctuations

Lean hogs experienced a recovery on Monday, with contracts rising by 32 cents. The USDA reported that the national average base hog negotiated price was $88.41, a decline of $1.61 from the previous day. Additionally, the CME Lean Hog Index increased by five cents from the day before, closing at $89.44 on February 27.

In related news, President Trump reaffirmed his commitment to imposing tariffs on both Mexico and Canada. So far, neither country has announced retaliatory actions, but analysts expect the pork market could feel some of the effects.

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On Monday afternoon, the FOB plant pork cutout value was reported by the USDA at $99.79 per cwt, showing an increase of $1.37. The belly segment drove this upward trend, climbing $5.55. However, ribs were the only primal cut that reported a decrease. The USDA’s estimate for Monday’s federally inspected hog slaughter stood at 490,000 head, consistent with last week’s count and 4,836 head more than the same week last year.

Apr 25 Hogs: closed at $83.700, an increase of $0.025.

May 25 Hogs: closed at $87.675, an increase of $0.250.

Jun 25 Hogs: closed at $95.350, an increase of $0.325.

On the date of publication, Austin Schroeder did not hold (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article are intended solely for informational purposes. For more details, please view the Barchart Disclosure Policy.

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