Hogs Higher at Midday

Austin Schroeder Barchart Tue Jan 14, 12:01PM CST
Veterinarian standing next to a pig pen by dusanpetkovic via iStock

Lean hog futures are showing gains of 25 cents to as much as $1.25 on Tuesday. The national average base hog negotiated price was reported at $79.50 on Tuesday morning, up $1.88 cents from the day prior. The CME Lean Hog Index was reported at $80.76 on January 10, up 33 cents from the previous day.

Commitment of Traders data was delayed to Monday, with managed money slashing another 11,751 contracts from their net long in the week that ended on January 7. That was mainly via long liquidation, as the net long was backed off to 97,190 contracts. 

USDA’s FOB plant pork cutout value was $2.03 back higher in the Tuesday AM report at $92.23 per cwt. All primals were reported higher, with the butt an belly leading the way. Federally inspected hog slaughter for Monday was 486,000 head. That is 39,000 head larger than last Monday and 105,427 head above the same Monday last year. 

Feb 25 Hogs  are at $83.425, up $0.250,

Apr 25 Hogs  are at $90.550, up $1.250

May 25 Hogs  is at $95.275, up $1.200,


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.