Lean hog futures posted Monday gains of $1.45 to $2.85 in the front month at the close. Monday afternoon’s national average base hog negotiated price from the USDA was reported at $88.05, down $1 from the day prior. The CME Lean Hog Index was back down 19 cents from the previous day at $89.55 on March 13.
Monday afternoon’s USDA FOB plant pork cutout was up 27 cents at $97.65 per cwt. The loin and belly primals were the only reported higher. USDA estimated the monthly Federally inspected hog slaughter at 487,000 head. That is steady with last week and 5,964 head larger than the same Monday last year.
Commodity Bulletin: From crude oil to coffee, this FREE newsletter is for industry pros and rookies alike
Apr 25 Hogs closed at $88.075, up $1.450,
May 25 Hogs closed at $91.450, up $2.250
Jun 25 Hogs closed at $99.125, up $2.825,
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 here.
More news from Barchart
- Livestock Futures Hit Hard by Trump’s New Tariffs. Why Markets Are Likely Overreacting.
- Cattle, Hog Futures Markets Are Losing Altitude. Can Prices Rally Again?
- Lean Hog Futures Prices Were Hit Hard by the U.S.-Mexico Trade Row. Will Hog Bulls Again Show Resilience?
- Cattle and Hogs in Q4 and 2024 - Where are they Heading in 2025?
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
