Lean hog futures are trading with 2 to 52 cent losses at midday. The national average base hog negotiated price was reported at $79.69 on Friday morning. The CME Lean Hog Index was reported at $83.99 on December 31, down 28 cents from the previous day.
Pork export sales totaled 7,528 MT for 2024 in the week of 12/26, with 13,527 MT for 2025. Mexico had combined purchases of 11,300 MT, with 5,900 MT sold to Japan. Shipments in that week were 23,746 MT, a 12-week low. Mexico was destined for 10,100 MT, with 2,600 MT to Japan.
USDA’s FOB plant pork cutout value was back up $2.23 in the Friday AM report at $91.55 per cwt. The picnic was the only primal reported lower. Federally inspected hog slaughter was estimated at 489,000 for Thursday, bringing the weekly total to 1.381 million head. That was up 230,000 head from last week but down 65,390 head from the same time last year.
Feb 25 Hogs are at $81.125, down $0.025,
Apr 25 Hogs are at $86.075, down $0.475
May 25 Hogs is at $90.675, down $0.525,
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- Cattle and Hogs in Q4 and 2024 - Where are they Heading in 2025?
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