Lean Hogs Oct '26 (HEV26)
Lean Hogs Futures Market News and Commentary
Lean hog futures posted losses of 62 cents to $1.67 at the Friday close, with June slipping 62 cents on the week. USDA’s national base hog price was reported at $92.64 on Friday morning, down 61 cents from the day prior. The CME Lean Hog Index was back up 10 cents on April 28 at $91.41.Â
USDA’s APHIS confirmed cases of pseudorabies in a small commercial hog herd in IA on Thursday, the first case detected since 2004. The boars that had the confirmed positive test had originated from an outdoor facility in TX.
CFTC data from Friday showed managed money slashing another 8,026 contracts from their net long in lean hog futures and options by Tuesday, taking the net long to 57,565 contracts.Â
USDA’s pork carcass cutout value from the Friday PM report was up 83 cents at $97.59 per cwt. The picnic and belly primals were the only reported lower, led by the latter with a $4.06 loss. USDA estimated federally inspected hog slaughter at 2.446 million head. That is down 23,000 h... Read more
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