Hogs Close Mostly Higher on Friday
Lean hog futures settled with 27 to 70 cent gains across most contracts, as Feb was down a nickel on the day but up 50 cents from last Friday. The national average base hog negotiated price was reported at $77.27 on Friday afternoon, down $1.81 from the day prior. The CME Lean Hog Index was reported at $85.10 on December 23, up 35 cents from the previous day.
Weekly Export Sales data tallied 7,078 MT of pork sold for 2024 delivery during the week of 12/19, with 39,411 MT for 2025. The total was 46,489 MT, which was a 3-week high. Pork shipments were up 2.8% from last week at 32,438 MT. Mexico was the top destination of 13,100 MT, with 3,500 MT headed to China.
USDA’s FOB plant pork cutout value was 62 cents lower in the Friday PM report at $95.02 per cwt. The loin, picnic, and butt primals were reported lower, with the belly up $3.16. Federally inspected hog slaughter was estimated at 2.051 million head this week, including Saturday. That is down 171,639 head from same week in 2023.
Feb 25 Hogs closed at $84.150, down $0.050,
Apr 25 Hogs closed at $89.525, up $0.275
May 25 Hogs closed at $93.625, up $0.325,
On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.