Hogs End Tuesday Trading With Mixed Results

Lean Hog Market Update

On Tuesday, February lean hog futures ended the session 47 cents lower, while other contracts ranged from unchanged to slightly higher by up to 10 cents. The USDA reported the national base hog price at $76.36 in the afternoon, reflecting a $10 increase from the previous day. Meanwhile, the CME Lean Hog Index dropped 23 cents on January 2, settling at $81.62.

According to the USDA's Tuesday morning report, the pork carcass cutout value fell by $2.59 to $91.25 per hundredweight, with all primal cuts showing declines. The federally inspected hog slaughter for Tuesday was estimated at 495,000 head, bringing the weekly total to 993,000. This figure is 51,000 head higher than last week and 57,696 above the same period last year.

Closing Prices for Hog Futures

• February 26 Hogs finished at $85.675, down $0.475
• April 26 Hogs settled at $91.575, up $0.075
• May 26 Hogs closed at $95.625, up $0.050