Hogs Make a Comeback This Tuesday

Lean Hog Futures Climb on Tuesday

On Tuesday, lean hog futures experienced notable increases, rising between $1.70 and $2.10. The USDA did not release the national base hog price that afternoon, but the five-day rolling average stood at $89.82. Meanwhile, the CME Lean Hog Index edged up by 22 cents on February 20, reaching $88.17.

According to the USDA’s Tuesday afternoon report, the pork carcass cutout value increased by 45 cents, settling at $96.95 per hundredweight. However, the rib, picnic, and ham primal cuts saw declines. The USDA estimated that 489,000 hogs were federally inspected for slaughter on Tuesday, bringing the week’s total to 966,000 after Monday’s revision. This figure is 22,000 higher than the previous week, but 2,647 fewer than the same period last year.

Hog Futures Closing Prices

• April 26 Hogs finished at $95.800, up $2.100
• May 26 Hogs ended at $100.500, gaining $1.850
• June 26 Hogs settled at $110.025, an increase of $1.700