Hogs End Tuesday on a Positive Note

Lean Hog Futures End Tuesday Higher

On Tuesday, front-month lean hog futures saw increases ranging from 20 to 50 cents. The USDA reported the national base hog price at $70 in the afternoon update. Meanwhile, the CME Lean Hog Index slipped by 25 cents on January 9, settling at $80.60.

According to the USDA's Tuesday evening report, the pork carcass cutout value dropped by $1.30 to $91.80 per hundredweight. Among the primal cuts, only ribs and hams showed gains. The USDA estimated that federally inspected hog slaughter reached 474,000 head for the day, bringing the weekly total to 991,000. This figure is 2,000 fewer than the previous week but stands 62,597 head above the same period last year.

Closing Prices for Lean Hog Contracts

• February 26 Hogs finished at $84.625, up $0.200
• April 26 Hogs settled at $91.250, gaining $0.500
• May 26 Hogs closed at $95.425, an increase of $0.400