Hogs Maintain Losses Through Monday’s Closing Session

Lean Hog Futures Decline to Start the Week

On Monday, front-month lean hog futures experienced declines ranging from $0.80 to $1.03. The USDA did not release a national base hog price in the afternoon due to limited trading activity. Meanwhile, the CME Lean Hog Index slipped by $0.13 on January 8, settling at $80.85.

According to the USDA's Monday evening report, the pork carcass cutout value increased by $0.78 to reach $93.10 per hundredweight. Among the primal cuts, only the butt registered a decrease. The USDA estimated that 497,000 hogs were processed under federal inspection on Monday, which is 1,000 fewer than the previous Monday but 13,474 more than the same day a year ago.

Recent Hog Futures Closing Prices

• February 26 Hogs settled at $84.425, a decrease of $0.875
• April 26 Hogs finished at $90.750, down $1.025
• May 26 Hogs ended at $95.025, a drop of $0.825