Hogs Post Monday Strength

Austin Schroeder Barchart Mon Mar 17, 5:10PM CDT
Pig grazing in a field by Santiago Gonzalez via Pixabay

Lean hog futures posted Monday gains of $1.45 to $2.85 in the front month at the close. Monday afternoon’s national average base hog negotiated price from the USDA was reported at $88.05, down $1 from the day prior. The CME Lean Hog Index was back down 19 cents from the previous day at $89.55 on March 13.

Monday afternoon’s USDA FOB plant pork cutout was up 27 cents at $97.65 per cwt. The loin and belly primals were the only reported higher. USDA estimated the monthly Federally inspected hog slaughter at 487,000 head. That is steady with last week and 5,964 head larger than the same Monday last year.

Apr 25 Hogs  closed at $88.075, up $1.450,

May 25 Hogs  closed at $91.450, up $2.250

Jun 25 Hogs  closed at $99.125, up $2.825,


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.