Lean Hog Futures See Gains Amid Mixed Market Signals

Lean hog futures wrapped up the Monday session with notable increases, as contracts rose by 70 to 95 cents. The USDA reported the national average base hog negotiated price at $88.90, reflecting a one-cent increase from the previous day. Conversely, the CME Lean Hog Index saw a decline of 28 cents from the prior day, settling at $89.90 on March 5.

Pork Cutout Prices and Slaughter Estimates

According to USDA data, the FOB plant pork cutout decreased by 14 cents to $98.22 per cwt on Monday afternoon. This drop was attributed to lower values for the loin, rib, and belly primal cuts. Additionally, the USDA estimated that the federally inspected hog slaughter on Monday reached 487,000 head. This figure surpassed last Monday’s total by 2,000 head and was 29,835 head higher than the same week in the previous year.

Market Performance of Hog Futures

Apr 25 Hogs closed at $88.300, marking an increase of $0.950.

May 25 Hogs concluded at $91.475, up by $0.875.

Jun 25 Hogs finished at $98.825, with a rise of $0.725.

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 more information, please view the Barchart Disclosure Policy here.

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