Lean Hog Futures Show Notable Gains Amid Market Fluctuations

Lean hog futures are trading with gains ranging from 27 cents to $1.60 on Friday. As reported by the USDA, the national average base hog negotiated price stood at $88.69 as of Friday morning. Additionally, the CME Lean Hog Index fell by another 2 cents from the previous day, reaching $90.18 on March 5.

Pork Cutout and Slaughter Updates

According to the USDA, the FOB plant pork cutout increased by $4.22 to $100.71 per cwt on Friday morning. Notably, all primals witnessed price increases, with the belly leading at an impressive rise of $10.31. In terms of slaughter numbers, USDA estimated that Thursday’s federally inspected hog slaughter totaled 485,000 head. This brings the week-to-date total to 1.817 million head, marking a decrease of 141,000 head compared to last week and 76,135 head lower than the same week last year.

Current Hog Futures

April 25 Hogs are priced at $86.925, reflecting an increase of $0.275.

May 25 Hogs stand at $90.750, which is up by $1.075.

June 25 Hogs are now at $98.625, gaining $1.600.

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 is solely for informational purposes. For more information, please view the Barchart Disclosure Policy here.

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.