Hogs Pop Higher on Thursday

Lean hog futures posted steady to $1.22 gains on Thursday. USDA’s national base hog price was reported at $63.78 in the Thursday PM report, up $7.22 from the day prior. The CME Lean Hog Index was down $1.06 on October 27 at $68.30.

Export Sales data showed 42,278 MT of pork sales in the week of October 22 for 2026 shipment. That was a 26-week high. Mexico was the buyer of 23,300 MT of that. Actual exports were tallied at 37,637 MT in that week, the largest since April.

USDA’s pork carcass cutout value was down $1.76 in the Thursday afternoon report, at $70.69. The belly primal was the only reported lower. Federally inspected hog slaughter for Thursday was estimated 497,000 head, with the week to date total at 1.957 million head. That was 6,000 head above last week and 21,555 head above of the same week last year.

Dec 26 Hogs  closed at $59.825, up $1.225,

Feb 27 Hogs  closed at $64.725, up $0.550

Apr 27 Hogs  closed at $70.625, unch,,

On the date of publication, Austin Schroeder did not directly have a position 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.