Hogs Slip Slightly on Monday

Lean Hog Market Update

On Monday, lean hog futures ended the session mostly unchanged, with some contracts slipping by up to 15 cents. The USDA reported the national base hog price at $91.87 in the afternoon, marking a $1.49 increase from the previous day. Meanwhile, the CME Lean Hog Index climbed 32 cents on February 26, reaching $89.44.

According to the USDA's Monday evening report, the pork carcass cutout value rose by 73 cents to $98.50 per hundredweight, with only the ham primal showing a decline. Monday's federally inspected hog slaughter was estimated at 482,000 head, which is 5,000 more than last week but 1,434 fewer than the same period last year.

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Recent Hog Futures Settlements

• April 26 Hogs settled at $95.575, a decrease of $0.150
• May 26 Hogs finished at $100.025, down $0.100
• June 26 Hogs closed at $109.475, slipping $0.075