Lean Hog Futures Show Mixed Results Amidslight Price Changes

Lean hog futures ended Monday’s session with mixed results, as most nearby contracts fluctuated within 15 cents of unchanged. The USDA reported a national average base hog negotiated price of $90.14 Monday afternoon, reflecting a decline of $1.25 from the previous day. In contrast, the CME Lean Hog Index recorded an increase of 27 cents, reaching $87.54 on April 24.

Pork Cutout Values and Slaughter Numbers

The afternoon pork cutout value fell by 42 cents to $97.62, according to the USDA. While picnic and ham primals saw an increase, other cuts experienced a decline. Monday’s federally inspected hog slaughter was estimated at 486,000 head, marking an increase of 130,000 head from the previous week and 8,986 head more than the same week last year.

Futures Price Summary

May 25 Hogs closed at $92.950, up $0.150.

Jun 25 Hogs closed at $101.000, down $0.150.

Jul 25 Hogs closed at $101.225, up $0.050.

On the date of publication, Austin Schroeder did not have (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.

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