Lean Hog Futures Rise, Weekly Slaughter Increases Year-on-Year

On Wednesday, lean hog futures increased by $1.15 to $1.35. The USDA reported the national average base hog negotiated price at $98.29, surpassing the 5-day rolling average of $96.98. Additionally, the CME Lean Hog Index rose by 11 cents on May 26, reaching $93.05.

The USDA’s PM FOB plant pork cutout value was $102.40, a decline of $1.33. Only the rib primal saw an increase, rising by $6.01, while other primals decreased. Estimated federally inspected hog slaughter for Wednesday was 490,000 head, bringing the weekly total to 970,000. This figure reflects an increase of 7,188 head compared to the same holiday week last year.

Jun 25 Hogs closed at $100.275, up $1.175.

Jul 25 Hogs closed at $103.300, up $1.150.

Aug 25 Hogs closed at $103.525, up $1.350.

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