Hogs Fall Weaker on Wednesday

Austin Schroeder Barchart Wed Apr 30, 5:17PM CDT
Pig resting in pen on hay by Annette Meyer via Pixabay

Lean hog futures closed with Wednesday weakness of 62 cents to $1.175. USDA’s national average base hog negotiated price was reported at $93.00 on Wednesday afternoon a 2 cent dop from the day prior. The CME Lean Hog Index was up another 60 cents from the previous day at $88.78 on April 28. 

The Wednesday morning pork cutout value was back up 2 cents at $96.61 according to the USDA. The rib and belly primals were the only reported higher, with the rest lower. Tuesday’s federally inspected hog slaughter from USDA was estimated at 487,000 head, taking the weekly total to 1.461 million head. That is up 148,000 head from the previous week and 28,853 head above the same week last year.

May 25 Hogs  closed at $91.925, down $0.625,

Jun 25 Hogs  closed at $98.275, down $1.175

Jul 25 Hogs  closed at $98.600, down $1.000,


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.