Lean hog futures are trading with Thursday gains of 40 to 50 cents so far. The national average base hog negotiated price was not reported on Thursday morning due to light volume. The CME Lean Hog Index was reported at $82.59 on January 28, up 48 cents from the previous day.Â
Export Sales data showed a total of 33,551 MT of pork sold in the week ending on January 23, down from the week prior. Mexico was the buyer of 11,800 MT, with 11,200 MT to China. Â Shipments totaled 34,122 in that week, which was a jump of 49.5% from the previous week. Â Mexico was the destination of 12,700 MT, with 4,700 MT to the Bahamas.Â
USDA’s FOB plant pork cutout value was 12 cents lower in the Thursday AM report at $93.19 per cwt. The rib, belly, and ham primals were reported lower. Federally inspected hog slaughter for Wednesday was at 483,000 head, with the week to date total at 1.45 million head. That is 102,000 head above last week but down 20,993 head from the same week last year.
Feb 25 Hogs  are at $84.325, up $0.425,
Apr 25 Hogs  are at $91.825, up $0.500
May 25 Hogs  is at $95.800, up $0.475,
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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