Lean Hog Futures Show Mixed Results Amid Ongoing Market Trends
As of Monday midday, lean hog futures present a mixed landscape, with front-month contracts rising between five cents and 47 cents. The USDA reported that the national average base hog negotiated price increased by 54 cents, reaching $88.45 in the latest morning report here. Meanwhile, the CME Lean Hog Index decreased by 35 cents from the previous day, settling at $88.78 on March 27.
Commitment of Traders Report Reveals Significant Adjustments
According to the latest Commitment of Traders data from the CFTC, a total of 5,343 contracts were reduced from the net long position in lean hog futures and options, bringing the total net long to 51,366 contracts as of March 25.
USDA Pork Cutout Release and Slaughter Numbers
In Monday’s report, the USDA indicated that the pork cutout value rose $1.44, now standing at $98.00 per hundredweight. Notably, the picnic primal was the only one to report a decline, while the ham increased by $4.39. Additionally, USDA’s estimates for weekly federally inspected hog slaughter reached 2.48 million head, marking an increase of 58,000 from the previous week and a significant rise of 86,254 head compared to the same week last year.
Current Lean Hog Future Prices
The following prices are noted for upcoming lean hog futures:
- April 25 Hogs: $87.175, up $0.475
- May 25 Hogs: $88.525, up $0.050
- June 25 Hogs: $95.850, up $0.075
On the date of publication, Austin Schroeder did not hold any positions—either directly or indirectly—in the securities mentioned in this article. The information provided is for informational purposes only. For further details, please refer to the Barchart Disclosure Policy here.
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