Lean hog futures are showing 25 to 30 cent gains in the front months on Thursday.  The national average base hog negotiated price was not reported on Thursday morning, due to thin volume, with the 5-day rolling average at $78.99. The CME Lean Hog Index was reported at $84.16 on December 17, up 18 cents from the previous day.
Export Sales data showed pork bookings for 2024 shipment in the week of December 12 at 11,223 MT, with 5,813 MT sold for 2025. The combined total was 17,036 MT, a 6-week low. Shipments were tallied at 31,552 MT, which was the lowest in 3 weeks. A total of 12,800 MT was headed to Mexico, with 3,800 MT to Japan.Â
USDA’s FOB plant pork cutout value reported back lower on Thursday AM, 38 cents at $96.97 per cwt. The loin and butt primals were the only reported higher. USDA estimated the Wednesday FI hog slaughter at 488,000 head, taking the weekly total to 1.463 million head. That is 1,000 head below last week and up 16,438 head from the same week last year.Â
Feb 25 Hogs  are at $83.975, up $0.275,
Apr 25 Hogs  are at $89.175, up $0.275
May 25 Hogs  is at $92.950, up $0.275,
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.
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