Lean Hog Market Shows Fluctuations Amid Mixed Price Reports

On Wednesday, lean hog futures remained stable, trading steady to 30 cents lower as midday approached. The USDA reported the national average base hog negotiated price at $96.60, reflecting a rise of $2.09 from the previous day. In addition, the CME Lean Hog Index increased by 39 cents on May 19, reaching $91.85.

Market Insights and Slaughter Data

The USDA also disclosed that the FOB plant pork cutout value was $100.88 as of Tuesday afternoon, which is a gain of 36 cents. However, both the loin and ham primals saw a decrease in value. In terms of slaughter figures, federally inspected hog slaughter was estimated at 484,000 head for Tuesday, bringing this week’s total to 964,000. This number shows an increase of 17,000 head from the previous week and is 11,941 head higher than the same week last year.

Current Lean Hog Futures

The following futures prices were noted:

• June 25 Hogs: $99.850, down $0.175
• July 25 Hogs: $103.275, down $0.275
• August 25 Hogs: $103.000, unchanged

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
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