Lean Hog Futures Decline Amid Mixed Market Signals

Lean hog futures experienced a downturn on Tuesday, showing losses of 40 cents to $1.625, with additional losses of 47 cents to $1.27. The USDA reported the national average base hog negotiated price at $93.02 on Tuesday afternoon, which marks an increase of $2.88 from the previous day. Furthermore, the CME Lean Hog Index rose by 64 cents from the prior day, reaching $88.18 on April 25.

Market Insights on Pork Cutout Value

The pork cutout value, as recorded by the USDA, decreased by $1.03 to $96.59 on Tuesday afternoon. While the prices for picnic, rib, and belly primals increased, other cuts decreased. The federally inspected hog slaughter data from the USDA indicated an estimated 488,000 head for Tuesday. This brings the total for the week to 974,000 head, representing an increase of 133,000 head compared to the previous week and 19,329 head above the same week last year.

May and June Futures Updates

May 25 Hogs closed at $92.550, down $0.400.

Jun 25 Hogs closed at $99.450, down $1.550.

Jul 25 Hogs closed at $99.600, down $1.625.

On the date of publication, Austin Schroeder did not hold (either directly or indirectly) positions in any securities mentioned in this article. All information provided is for informational purposes only. For more details, please refer to the Barchart Disclosure Policy here.

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