Lean Hog Futures Experience Mixed Results amid Fluctuating Prices

Market Overview and Key Prices on Thursday

Lean hog futures displayed varied performance on Thursday. February contracts increased by 65 cents, while other nearby contracts remained steady to 7 cents lower. The national average base hog price negotiated at $82.25 on Thursday afternoon, reflecting a rise of 99 cents from the previous day. Additionally, the CME Lean Hog Index stood at $81.72 on January 21, which was an increase of 26 cents compared to the day before.

Pork Cutout Value and Slaughter Data

According to the USDA, the FOB plant pork cutout value rose by $1.60 in the Thursday afternoon report, reaching $91.77 per cwt. In terms of hog slaughter, a total of 472,000 head were federally inspected on Thursday. The week-to-date total reached 1.82 million head, a notable decline of 109,000 head from last week and down 109,778 head compared to the same week last year.

Specific February, April, and May Hogs Prices

February 25 Hogs closed at $82.125, marking an increase of $0.650. In contrast, April 25 Hogs ended at $87.200, down $0.075. Meanwhile, May 25 Hogs remained unchanged at $92.000.

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 here.

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