Hogs Falling Lower on Thursday

Austin Schroeder Barchart Fri May 23, 12:28PM CDT
Pink pig in pasture by DESPIERRES via Pixabay

Lean hog futures are trading with contracts down 65 cents to $1.32 on Thursday. USDA’s national average base hog negotiated price was reported at $95.73 on Friday morning, up $3.28 from the day prior. The CME Lean Hog Index was up another 41 cents on May 21, at $92.75. The market will be closed on Monday for Memorial Day, as well as the government reports delayed, with a normal 8:30 am CDT open on Tuesday.

USDA’s FOB plant pork cutout value from Friday morning was reported at $101.00, back up 73 cents. The ham was the only primal reported lower. Federally inspected hog slaughter for Thursday was estimated at 479,000 head by the USDA, with this week’s total at 1.928 million head. That was up 14,000 head from the previous week and 10,006 head above the same week last year.

Jun 25 Hogs  are at $98.050, down $0.650,

Jul 25 Hogs  are at $100.825, down $1.225

Aug 25 Hogs  is at $100.675, down $1.325,


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.