Mixed Trading in Lean Hog Futures Amid Soft Market Indicators

Lean hog futures are trading mixed at midday, with contracts ranging from 17 cents lower to 40 cents higher. The USDA did not report the national average base hog negotiated price on Friday morning due to light trading volume. Currently, the 5-day rolling average stands at $93.73. Additionally, the CME Lean Hog Index increased by 25 cents on May 14, reaching $91.02.

This Friday morning, the FOB plant pork cutout value decreased by a dime, settling at $99.62. Prices for the loin, rib, and belly primals all reported declines. USDA’s estimated federally inspected hog slaughter for Thursday was at 481,000 head, bringing the weekly total to 1.914 million head. This figure reflects a decrease of 8,000 head from the previous week but marks an increase of 5,272 head compared to the same week last year.

Lean Hog Futures Prices

Jun 25 Hogs are priced at $100.525, down $0.175.

Jul 25 Hogs are listed at $104.200, up $0.075.

Aug 25 Hogs are at $103.750, up $0.400.

At the time of publication, Austin Schroeder did not hold any direct or indirect positions in the mentioned securities. All information and data in this article are for informational purposes only. For further details, please review the Barchart Disclosure Policy.

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