Lean hog futures are trading with Friday losses of $2.90 to $3.90 at midday, with April held up by the index and up 15 cents. USDA’s national average base hog negotiated price was up 4 cents from the day prior at $87.38 in the Friday AM report. CME’s Lean Hog Index from April 2 was down 8 cents from the previous day at $88.72.
In response to President Trump’s reciprocal tariffs, China issued a retaliatory tariff of 34% on all US goods overnight.
USDA’s pork cutout value from Friday morning was up $4.08 at $98.42 per cwt. The loin and butt primals were reported lower, with the belly leading the charge higher, up $19.91. USDA estimated the Thursday Federally inspected hog slaughter at 488,000 head, with a weekly total at 1.926 million head. That is down 13,000 head from last week but 106,548 head above the same week last year.
Apr 25 Hogs are at $87.525, up $0.150,
May 25 Hogs are at $85.600, down $2.975
Jun 25 Hogs is at $91.675, down $3.875,
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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