Lean hog futures closed the Tuesday session with contracts 35 cents to $1.80 higher. Open interest was up just 358 contracts on the day. USDA’s national base hog price was reported at $95.57 on Tuesday afternoon, up $1.71 from the day prior. The CME Lean Hog Index was back up 11 cents on May 29 at $91.51.
USDA’s pork carcass cutout value from the Tuesday PM report was up 84 cents at $100.59 per cwt. The loin, butt, and picnic primals were reported lower. USDA estimated federally inspected hog slaughter for Tuesday at 487,000 head, taking the weekly total to 984,000 head. That is up 17,165 head from the same week last year.
Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.
Jun 26 Hogs closed at $95.700, up $0.675,
Jul 26 Hogs closed at $101.650, up $1.800
Aug 26 Hogs closed at $98.975, up $1.375,
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.
More news from Barchart
- Bulls Are Losing Their Grip as Cattle Collapses. What to Watch.
- Strong Fundamentals Are Pushing Cattle Prices Higher, But Hogs Need a Boost
- Will Beef and Pork Futures Rally as the 2026 Grilling Season Arrives?
- High Gas Prices Are Weighing on Cattle Prices as Pseudorabies Hits Hog Prices. This Week’s Trump-Xi Meeting Could Turn the Trend Around.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
