Lean Hog Futures Decline as Prices Adjust

Lean hog futures faced losses ranging from 12 to 87 cents across most contracts on Monday. The national average base hog negotiated price fell to $78.32 on Tuesday, a decrease of $1.37 from the previous day. The CME Lean Hog Index was reported at $83.12 on January 2, down 87 cents from its prior value.

According to the USDA, the FOB plant pork cutout value decreased by $1.57 in the Monday morning report, settling at $87.97 per hundredweight. Notably, the belly was the only primal that experienced an increase, up $6.37. The estimated federally inspected hog slaughter was 2.288 million head. While this figure is up by 237,000 head from last week, it reflects a decline of 80,755 head from the same week last year.

February 25 Hogs: $79.900, down $0.875

April 25 Hogs: $85.650, down $0.125

May 25 Hogs: $90.450, down $0.125

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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