Hogs Fall Back on Tuesday, Despite Cash Strength

Austin Schroeder Barchart Tue Apr 29, 5:17PM CDT
Pig with dirt on snout ear tagged by Lidija Zivic via iStock

Lean hog futures were back lower on Tuesday with contracts down 40 cents to $1.625, with losses of 47 cents to $1.27. USDA’s national average base hog negotiated price was reported at $93.02 on Tuesday afternoon, up $2.88 from the day prior. The CME Lean Hog Index was up another 64 cents from the previous day at $88.18 on April 25. 

Tuesday afternoon’s pork cutout value was down $1.03 at $96.59 according to the USDA. The picnic, rib, and belly primals were reported higher, with the rest lower. Tuesday’s federally inspected hog slaughter from USDA was estimated at 488,000 head, taking the weekly total to 974,000 head. That is up 133,000 head from the previous week and 19,329 head above the same week last year.

May 25 Hogs  closed at $92.550, down $0.400,

Jun 25 Hogs  closed at $99.450, down $1.550

Jul 25 Hogs  closed at $99.600, down $1.625,


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.