Hogs Trending Downward This Friday

Lean Hog Market Update

Lean hog futures began Friday trading with declines ranging from 10 to 60 cents. The USDA reported the national base hog price at $68.56 in the morning update. Meanwhile, the CME Lean Hog Index slipped by 27 cents on January 7, settling at $80.98.

According to the USDA's Friday morning report, the pork carcass cutout value climbed by $4.94 to reach $95.73 per hundredweight. All primal cuts saw gains, with pork bellies rising by $12.17. On Thursday, federally inspected hog slaughter was estimated at 496,000 head, bringing the weekly total to 1.977 million—an increase of 73,159 head compared to the same period last year.

Current Hog Futures Prices

• February 26 Hogs: $85.300, down $0.575
• April 26 Hogs: $91.750, down $0.175
• May 26 Hogs: $95.775, down $0.175