Lean hog futures posted mixed trade, with contracts mostly down 7 to 55 cents, as a couple spring contracts were up a nickel.  The national average base hog negotiated price was reported at $79.45 on Thursday afternoon, up $1.42 from the day prior. The CME Lean Hog Index was reported at $84.16 on December 17, up 18 cents from the previous day.Â
The quarterly Hogs & Pigs report will be released on Monday, with a Reuters survey of traders calling for all hogs inventory as of December 1 up 0.1% from last year. The number of market hogs is seen up 0.1% from last year with breeding inventory steady.Â
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, down 20 cents at $96.15 per cwt. The loin, butt, and picnic primals were reported higher, with the rib leading the charge to the downside, $4.40 lower. USDA estimated the Thursday FI hog slaughter at 487,000 head, taking the weekly total to 1.950 million head. That is 14,000 head above last week and up 18,832 head from the same week last year.Â
Feb 25 Hogs  closed at $83.625, down $0.075,
Apr 25 Hogs  closed at $88.625, down $0.275
May 25 Hogs  closed at $92.725, up $0.050,
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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