Lean Hog Futures Show Mixed Results Amid Tariff Developments

Lean hog futures experienced gains ranging from $1.52 to $1.92 on Wednesday, except for April, which fell by 85 cents. The USDA reported a national average base hog negotiated price at $86.08 on Wednesday, marking a decline of 75 cents from the previous day. On April 7, the CME Lean Hog Index decreased by 3 cents from the day before, settling at $88.16.

Late in Wednesday’s trading session, President Trump announced a 90-day pause on tariffs for certain targeted countries, with China as the exception. The existing 10% blanket tariff remains in place for all nations, while new tariffs on imports from China have increased to 125%.

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The USDA’s pork cutout value also fell, decreasing by $2.69 to $90.76 per cwt. Notably, the picnic primal was the only cut to report an increase. USDA’s estimate for federally inspected hog slaughter stood at 487,000 head for Wednesday, bringing the total for the week to date to 1.463 million head. This represents an increase of 25,000 head from the previous week and 34,319 head more than the same week last year.

Market Closings for April, May, and June Hogs

Apr 25 Hogs  closed at $86.975, down $0.850.

May 25 Hogs  closed at $86.125, up $1.525.

Jun 25 Hogs  closed at $91.700, up $1.925.

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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