Hogs Looks to Tuesday Session

Alan Brugler Barchart Tue Apr 23, 7:30AM CDT
Pig grazing in field

Lean hogs eked out some gains on Monday, with contracts steady to $1.20 higher across the board. USDA’s National Average Base Hog negotiated price was up $1.82 in the Monday afternoon print, at $90.31. The CME Lean Hog Index was back down 11 cents higher at $91.35 on April 18. 

USDA’s National Pork Carcass Cutout Value saw some strength in the Monday PM report, up $1.61 at $101.70. The belly (+$6.06), picnic (+$3.35), and rib (+$4.10) primals led the way higher. USDA estimated Monday’s federally inspected hog slaughter at 487,000 head. That is 5,000 head above last week and a 19,836 head increase from the same Monday last year. 

May 24 Hogs  closed at $96.700, up $0.475,

Jun 24 Hogs  closed at $105.500, up $0.675

Jul 24 Hogs  closed at $107.675, up $1.200,


On the date of publication, Alan Brugler 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.