Lean hog futures gave into weakness on Thursday, as contracts were down 25 to 50 cents at the close. USDA’s national base hog price was reported at $91.00 on Thursday afternoon, down 21 cents from the day prior. The CME Lean Hog Index was 36 cents higher on Feb 24 at $88.71.
Export Sales for the week ending on February 19 were tallied at 42,611 MT, which was the second largest for the calendar year. Mexico bough the largest share of that, at 25,600 MT, with 4,000 MT sold to Japan, Shipments were 41,092 MT, the largest since April 2024. Of that, 18,500 MT was headed to Mexico, with 4,900 MT headed to South Korea and Japan each.
USDA’s pork carcass cutout value from the Thursday AM report was down 24 cents at $97.38 per cwt. The belly and butt were the only primals reported higher. USDA estimated federally inspected hog slaughter for Thursday at 493,000 head, with the week to date total at 1.951 million head. That is 39,000 head above last week and 5,028 head larger than the same week last year.
Apr 26 Hogs closed at $95.725, down $0.475,
May 26 Hogs closed at $100.350, down $0.350
Jun 26 Hogs closed at $109.925, down $0.250,
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.
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