Hogs End Friday with Weakness

Austin Schroeder Barchart Fri Sep 12, 5:21PM CDT
Pig with dirt on snout ear tagged by Lidija Zivic via iStock

Lean hog futures slipped back lower on Friday, with contracts down 20 cents to $1.05, as October was still up $1.10 this week. USDA’s national base hog report from Friday afternoon saw trade averaging $103.94, down $3.35 from the day prior. The CME Lean Hog Index was back up 11 cents on September 10 at $106.04. 

The large managed money spec traders in lean hog futures and options added another 10,532 contracts to their now near record net long position of 134,423 contracts by Tuesday.

USDA’s FOB plant pork cutout report from Friday afternoon saw prices back up $1.34 at $114.51 per cwt. The picnic primal was the only reported lower. USDA estimated federally inspected hog slaughter for this week at 2.514 million head. That is 62,414 head below the same week last year.

Oct 25 Hogs  closed at $97.125, down $1.050,

Dec 25 Hogs  closed at $88.625, down $0.625

Feb 26 Hogs  closed at $90.375, down $0.200,


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.