Hogs Start the Week with Strength

Barchart · 11/26 10:10

Lean Hog bulls were taking the reins to start the short week, with gains of 7 to 30 cents at the close. The national average base hog negotiated price was not reported Monday afternoon, with the 5-day rolling average at $83.31. The CME Lean Hog Index was reported at $87.01 on November 21, down another 43 cents from the previous day. 

USDA’s FOB plant pork cutout value reported back higher on Monday afternoon, up $1.56 at $93.33 per cwt. The belly primal was the only reported lower, down $6.43, with the rest reported higher. USDA estimated Monday’s FI hog slaughter at 489,000 head. That is even with last week and 12,831 head above the same week last year.

Dec 24 Hogs  closed at $81.975, up $0.300,

Feb 25 Hogs  closed at $85.925, up $0.250

Apr 25 Hogs  closed at $90.125, up $0.300,


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.