Lean Hogs Dec '25 (HEZ25)
Lean Hogs Futures Market News and Commentary
Lean hog futures are up a tick to $1.10 in the front months on Friday. USDA’s national base hog price was not reported on Friday morning. The CME Lean Hog Index was back down 7 cents on June 24 at $91.78
USDA’s Hogs and Pigs showed June 1 hog inventory down 0.04% from last year at 73.664 million head. Hogs kept for breeding were down 1.16% at 5.88 million head, with market hog inventory up just 0.05% to 67.784 million head, vs. trade estimates of 1.1%. The March-May pig crop was up 0.2% to 33.521 million head. Farrowings in that period were down 1.02%. Farrowing intentions for the June-August period are seen at 2.9 million head, down 2.19% from last year.
Pork stocks as of May 31 were tallied at 451.92 million lbs according to Cold Storage data, which was up 0.2% from the end of April and 0.26% larger yr/yr.
USDA’s pork carcass cutout value was $2.60 higher in the Friday AM report at $97.82. The ham was the only primal reported lower. USDA estimated federally inspe... Read more
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