Hogs Fall on Thursday as Cash Losses Continue

Lean hog futures extended their slide, as contracts were 87 cents to $2.45 lower at the close. USDA’s national base hog price was reported at $41.79 in the Thursday afternoon report, down 70 cents from the day prior. The CME Lean Hog Index was down another $1.06 on November 3 at $63.93.

Export Sales data showed 37,338 MT of pork sales in the week of October 29 for 2026 shipment, back down from last week’s 26-week high. Actual exports were tallied at 35,234 MT in that week.

USDA’s pork carcass cutout value was down 30 cents in the Thursday PM report, at $68.99. The loin, ham, and belly primals were reported lower. Federally inspected hog slaughter for Thursday was estimated at 494,000 head, with the weekly total at 1.967 million head. That is 35,000 head above last week and 27,164 head below the same week last year.

Dec 26 Hogs  closed at $55.100, down $2.450,

Feb 27 Hogs  closed at $60.175, down $2.125

Apr 27 Hogs  closed at $67.125, down $1.200,

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.