Hogs Push Higher on Tuesday

Austin Schroeder Barchart Tue May 27, 5:01PM CDT
Pigs on a pig farm by artbyPixel via iStock

Lean hog futures posted strength into the Tuesday close, with contracts 60 to 90 cents higher. USDA’s national average base hog negotiated price was not reported on Tuesday, with the 5-day rolling average at $95.22. The CME Lean Hog Index was up another 19 cents on May 22, at $92.94.

USDA’s FOB plant pork cutout value from Tuesday afternoon was reported at $103.73, back up $2.27. The butt, picnic, and rib were the primal reported lower, with the belly up $7.48. 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  closed at $99.100, up $0.800,

Jul 25 Hogs  closed at $102.150, up $0.600

Aug 25 Hogs  closed at $102.175, up $0.900,


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.