Lean Hog Futures Decline Amid Mixed Market Signals

Lean hog futures saw losses ranging from 52 cents to $1.07 as trading closed on Monday. The USDA reported the national average base hog negotiated price at $92.51 on Monday afternoon, which marked an increase of $4.41 compared to the previous day. The CME Lean Hog Index also saw a rise of 24 cents on May 15, reaching $91.26.

The afternoon FOB plant pork cutout value increased by 97 cents to settle at $101.09. However, both belly and ham primals showed declines. USDA estimated that federally inspected hog slaughter for the day reached 480,000 head, which is a decrease of 14,000 head from the prior Monday while being 901 head more than the same day last year.

Current Market Prices

June 25 hogs closed at $99.250, down $1.075.

July 25 hogs closed at $103.575, down $0.600.

August 25 hogs closed at $103.100, down $0.525.

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
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