Hogs Post Gains, as Cash Hogs Rally

Austin Schroeder Barchart Wed Jun 4, 5:18PM CDT
Black and brown pig in green pasture by LUNAMARINA via iStock

Lean hog futures were pushing higher on Wednesday, with contracts up 45 cents to $1.05. June was an exception, down a quarter. USDA’s national average base hog negotiated price was reported at $103.05 on Wednesday afternoon, up $4.21 from the day prior. The CME Lean Hog Index was up 44 cents on June 2, at $96.34.

USDA’s FOB plant pork cutout value from the Wednesday PM report was $106.62, back up 51 cents. The ham, belly, and picnic primals were the only reported higher. Federally inspected hog slaughter on Wednesday was estimated at 483,000 head by the USDA, taking the weekly total to 1.423 head. That is down 14,019 head from the same week last year.

Jun 25 Hogs  closed at $99.975, down $0.250,

Jul 25 Hogs  closed at $105.025, up $0.450

Aug 25 Hogs  closed at $107.500, up $1.050,


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.