Hogs Post Modest Strength on Monday

Austin Schroeder Barchart Tue Oct 22, 7:29AM CDT
Pigs on a pig farm by artbyPixel via iStock

Lean hog futures saw modest gains of 15 to 45 cents on Monday.  The national average base hog price was reported at $75.22 on Monday afternoon, up $3.17 from the previous day. The CME Lean Hog Index was reported at $83.96 on October 17, up 12 cents from the day prior. 

USDA’s FOB plant pork cutout value was reported at $98.24 per cwt in the Monday PM release, up $1.65 from the day prior. Just the belly and picnic were reported lower, with the other 4 primals up in a range of $1.11 to $4.25. USDA estimated the Monday FI hog slaughter at 488,000 head. That is up 15,000 head from the previous Monday and 1,838 head larger than the same Monday last year.

Dec 24 Hogs  closed at $78.275, up $0.450,

Feb 25 Hogs  closed at $82.250, up $0.400

Apr 25 Hogs  closed at $85.925, 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.