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Lean Hogs Feb '23 (HEG23)

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Lean Hogs Prices for [[ item.sessionDateDisplayLong ]]
Find the latest Lean Hogs prices and Lean Hogs futures quotes for all active contracts below.
[[ timeframe ]] futures price quotes as of Thu, Dec 1st, 2022.
Latest price quotes as of [[ snapshotDate ]].
[[ timeframe ]] futures price quotes, based on [[ timeframe ]] data.
Looking for expired contracts? Check out our Lean Hogs Historical Prices page.

Lean Hogs Futures Market News and Commentary

Hogs Recover Ground on Wednesday

Lean hog futures recovered 40 cents to $1.82 across the front month contracts on Wednesday. That still leaves Feb with a net $3.15 draw down for the week to date. The USDA National Average Base Hog Price for Wednesday was $2.15 higher at $86.06. The 11/28 CME Lean Hog Index was $84.21, down by another 42 cents.

China reported their sow herd at 43.79m head as of October, which was up 0.7% yr/yr (itself a 6.6% increase from 2020), and compared to 43.48m head in September. 

Pork cutout futures also recovered some ground on Wednesday, bouncing back 32 to 97 cents for the close. USDA’s pork carcass cutout value for Wednesday afternoon was $1.65 higher to $87.33. USDA’s estimate for the week’s federally inspected hog slaughter was 1.474m head through Wednesday. That is up by 56k head wk/wk and 33k head yr/yr.  

 

Dec 22 Hogs  closed at $82.900, up $1.825,

Feb 23 Hogs  closed at $85.350, up $1.200

Dec 22 Pork Cutout  closed at $91.050, up $1.100,

 ... Read more

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