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Lean hog futures are trading with contracts 57 cents to $2.02 higher. The national average base hog negotiated price was reported at $78.00 on Monday morning, down 12 cents from the day prior. The CME Lean Hog Index was reported at $81.92 on January 23, down 1 cent from the previous day.
Cold Storage data indicated a total of 400.398 million lbs of pork stocks at the end of December, which was a 2.37% increase from last month but still down 6.3% from last year.
USDA’s FOB plant pork cutout value was $1.64 higher in the Monday AM report at $93.33 per cwt. The ham and picnic primals were the only reported lower. Federally inspected hog slaughter for last week was at 2.291 million head. That is 123,000 head below last week and down 114,956 head from the same week last year.
Feb 25 Hogs are at $82.875, up $0.575,
Apr 25 Hogs are at $90.025, up $1.825
May 25 Hogs is at $94.900, up $2.025,
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.