Lean hog futures are trading with 20 to 50 cent gains so far on Friday’s midday. The national average base hog negotiated price was not reported on Friday morning, with the 5-day rolling average at $79.10. The CME Lean Hog Index was reported at $85.10 on December 23, up 35 cents from the previous day.
Weekly Export Sales data tallied 7,078 MT of pork sold for 2024 delivery during the week of 12/19, with 39,411 MT for 2025. The total was 46,489 MT, which was a 3-week high. Pork shipments were up 2.8% from last week at 32,438 MT
USDA’s FOB plant pork cutout value was $1.56 higher in the Friday AM report at $97.25 per cwt. The loin, picnic, and butt primals were reported lower, with the ham ($5.58) and belly ($8.38) leading the charge. Federally inspected hog slaughter was estimated at 490,000 head on Thursday, bringing the week to date total to 1.151 million head. That is down 271,951 head from same week in 2023.
Feb 25 Hogs are at $84.400, up $0.200,
Apr 25 Hogs are at $89.550, up $0.300
May 25 Hogs is at $93.800, up $0.500,
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- Where are Animal Protein Prices Heading as the Offseason for Demand Approaches?
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