Hogs Extending Gains at Midday

Austin Schroeder Barchart Wed May 28, 12:21PM CDT
Piglets napping by Larry White via Pixabay

Lean hog futures are up 45 to 85 cents across the nearbys on Wednesday. USDA’s national average base hog negotiated price was reported at $96.41 on Wednesday morning. The CME Lean Hog Index was up another 11 cents on May 26, at $93.05.

USDA’s FOB plant pork cutout value from Wednesday morning was reported at $102.65, back down $1.08. The butt and rib were the only primals reported higher, with the belly down $5.42. Federally inspected hog slaughter for Tuesday was estimated at 488,000 head by the USDA, taking the weekly total to 490,000. That is up 10,868 head from the same holiday week last year.

Jun 25 Hogs  are at $99.550, up $0.450,

Jul 25 Hogs  are at $102.675, up $0.525

Aug 25 Hogs  is at $103.025, up $0.850,


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.