Hogs Edge Downward on Monday

Lean Hog Futures Decline on Monday

Lean hog futures ended Monday’s trading session with losses ranging from 40 to 80 cents. The USDA reported the national base hog price at $91.95 on Monday afternoon, reflecting a 26-cent increase from the previous day. Meanwhile, the CME Lean Hog Index rose by 19 cents on March 5, reaching $90.74.

According to the USDA’s Monday afternoon report, the pork carcass cutout value climbed by $3.05 to $101.32 per hundredweight, with all primal cuts showing gains. Monday’s federally inspected hog slaughter was estimated at 493,000 head, which is 18,000 more than last week and 6,110 higher than the same period last year.

Recent Hog Futures Closing Prices

• April 26 Hogs settled at $94.825, a decrease of $0.800.
• May 26 Hogs finished at $100.375, down $0.475.
• June 26 Hogs closed at $109.900, a drop of $0.675.