Hogs End Tuesday with Varied Performance

Lean Hog Futures Market Update

On Tuesday, lean hog futures displayed minimal movement, with most contracts ending the day within 20 cents of their previous values. The USDA reported the national base hog price at $91.41 in the afternoon, reflecting a decrease of 46 cents compared to Monday. Meanwhile, the CME Lean Hog Index rose by 25 cents on February 27, reaching $89.69.

According to the USDA's Tuesday evening report, the pork carcass cutout value remained steady at $98.50 per hundredweight. However, prices for ham, butt, and loin primals experienced declines. The USDA estimated that 484,000 hogs were slaughtered under federal inspection on Tuesday, bringing the week's total to 959,000. This figure is 7,000 higher than the previous week but 5,316 fewer than the same period last year.

Recent Hog Futures Settlements

• April 26 Hogs finished at $95.750, gaining $0.175
• May 26 Hogs ended at $99.925, slipping $0.100
• June 26 Hogs closed at $109.475, unchanged