Lean Hog Futures Show Strong Gains Amidst Market Activity

Friday Trading and Price Updates

Lean hog futures experienced gains between 22 to 50 cents on Friday. The reported national average base hog negotiated price stood at $84.49 as of Friday morning. Additionally, the CME Lean Hog Index recorded a figure of $85.05 on February 5, marking an increase of 55 cents compared to the previous day.

USDA Report Highlights

In the USDA’s morning report, the FOB plant pork cutout value rose by $1.65, reaching $97.29 per cwt. While the loin and rib primals showed a decline, the belly primal surged, climbing by $7.36. For Thursday, federally inspected hog slaughter was estimated at 481,000 head, bringing the week-to-date total to 1.945 million head. This figure reflects an increase of 12,000 head compared to last week but is down 14,244 head from the same week a year ago.

Current Lean Hog Futures Prices

Feb 25 Hogs are priced at $87.125, which is up $0.475.

Apr 25 Hogs are currently at $92.225, an increase of $0.475.

May 25 Hogs stand at $96.050, rising by $0.225.

At the time of publication, Austin Schroeder did not hold any positions directly or indirectly in the mentioned securities. All information and statistics provided in this article are intended for informational purposes. For more details, please refer to the Barchart Disclosure Policy here.

More news from Barchart

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