Lean Hog Futures Show Mixed Trends Amid Market Fluctuations

On Tuesday, lean hog futures concluded with contracts climbing 77 cents for June, while other nearby contracts remained steady or dipped by up to ten cents. The USDA reported the national average base hog negotiated price at $93.40, reflecting an increase of 89 cents from the previous day. Additionally, the CME Lean Hog Index rose by 20 cents on May 16, reaching $91.46.

The USDA’s FOB plant pork cutout value on Tuesday morning was noted at $100.52, down 57 cents. While the rib and ham primals experienced price increases, overall trends showed some volatility. Federally inspected hog slaughter for Tuesday was estimated at 484,000 head, bringing the weekly total to 964,000. This figure indicates an increase of 17,000 head compared to the previous week and is also up by 11,941 head from the same week last year.

Contract Closing Prices

Jun 25 Hogs closed at $100.025, up $0.775.

Jul 25 Hogs closed at $103.550, down $0.025.

Aug 25 Hogs closed at $103.000, down $0.100.

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 Barchart Disclosure Policy here.

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