Lean Hog Futures Show Mixed Movement Amid Steady Prices

Lean hog futures are trading with gains of 50 to 60 cents in the front months as of Friday, although thinly traded May contracts fell by a dime. The USDA reported the national average base hog negotiated price at $94.78, marking an increase of $0.14. Meanwhile, the CME Lean Hog Index declined by 9 cents on May 7, settling at $90.07.

Pork Cutout Values and Slaughter Estimates

The FOB plant pork cutout value in the morning increased by $3.44 per hundredweight on a carcass basis, reaching $97.94. Among primal cuts, only the belly experienced a decrease. The USDA estimated that federally inspected hog slaughter reached 484,000 head for Thursday, accumulating a total of 1.922 million head for the week. This figure represents a decrease of 16,000 head relative to the previous week, though it is 15,290 head higher than the same week last year.

Current Lean Hog Futures Prices

May 25 Hogs: $90.550, down $0.100

Jun 25 Hogs: $97.750, up $0.575

Jul 25 Hogs: $100.750, up $0.500

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 are solely for informational purposes. For further details, please refer to the Barchart Disclosure Policy.
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