Hogs Switch Focus to Wednesday Following Weaker Cutout

Alan Brugler Barchart Wed May 8, 7:32AM CDT
Pig in pen

Lean hogs were firmer on Tuesday, as contracts were up 15 to 62 cents. USDA’s National Average Base Hog negotiated price was up 84 cents in the Tuesday afternoon report at $93.25. The CME Lean Hog Index was back down 16 cents on May 3 at $90.80. 

USDA’s National Pork Carcass Cutout Value was down $2.41 in the Tuesday afternoon report at $97.09. The belly (-$9.01), loin (-$4.33), and picnic (-$1.47) were the drivers to the downside, with all other primals higher. USDA estimated federally inspected hog slaughter for Tuesday at 478,000 head, with the WTD total at 959,000 head. That is 1,000 head above last week and up 41,828 head from the same week last year. 

May 24 Hogs  closed at $92.525, up $0.350,

Jun 24 Hogs  closed at $98.325, up $0.150

Jul 24 Hogs  closed at $102.500, up $0.350,


On the date of publication, Alan Brugler 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.