Swine Stocks Rise Midday on Friday
Fresh Update on Lean Hog Futures Market
Hey there! Let's delve into the current status of the Lean Hog Futures market. As of midday on Friday, there's an uptrend in prices, with the May contract remaining untouched. The cheese slices in the hog market, the 67 cents to a dollar increase, is quite noticeable, especially considering the thin trade in May.
The national average base hog negotiated price, as reported by USDA in the morning was $92.23, a 21 cent drop compared to the previous day. The CME Lean Hog Index is indicative of another 32 cents rise for April 30, now standing at $89.57. The positive employment numbers seem to be bolstering demand sentiments.
Moving on to the pork cutout value, it's showing a $2.96 per 100 pounds increase on a carcass basis at $99.42 in the Friday morning FOB plant values. All primals, excusing picnics, are on the rise this morning. The federally inspected hog slaughter from USDA on Thursday was estimated at 483,000 head, bumping up the weekly total to 1.938 million. That's a 150,000 head increase from the previous week and 23,810 head above the same week last year.
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- May Hogs: $92.775, up $0.375
- Jun Hogs: $99.600, up $1.425
- Jul Hogs: $100.825, up $1.900
Disclaimer: The author, on the date of publication, had no positions in any of the mentioned securities. This article is for informational purposes only. For more details, please view our Disclosure Policy.
What's the Lowdown on Lean Hog Futures?
The Lean Hog Futures market has been witnessing a price surge lately, driven by technical rebounds and strong pork cutout values. Here's a quick look at the factors influencing this rise:
- Rapid recovery in June 2025 CME Lean Hog Futures, according to the data from April 18.
- Robust primal belly prices and high pork cutout values driving the surge in pork cutout values mid-April.
- Anticipated tight beef supplies and export growth further supporting lean hog prices in 2025.
While cash index weakness prevails, rebounding cutout values and supply discipline are currently dictating the bullish trends in the futures market. Stay tuned for further updates!
- On Thursdays, the federally inspected hog slaughter, as reported by USDA, reached an estimated 483,000 head.
- The CME Lean Hog Index shows an average increase of 32 cents for April 30, suggesting a positive trend in business financing for hog producers.
- As picnics approach, there's a growing interest among investors in the hog futures market, with May, Jun, and Jul Hogs trading at $92.775, $99.600, and $100.825 respectively, as of the latest update.
