Hog Strength Continues on Wednesday

Austin Schroeder Barchart Wed Oct 30, 4:57PM CDT
Pigs on a pig farm by artbyPixel via iStock

Lean hog futures posted steady to $1.55 higher trade at the Wednesday close. The national average base hog price was reported at $84.80 on Wednesday afternoon, up $2.76 from the previous day. The CME Lean Hog Index was reported at $85.73 on October 28, up 18 cents from the day prior.

The USDA earlier today confirmed a case of H5N1 bird flu in a backyard swine herd in Oregon.

USDA’s FOB plant pork cutout value was back up 41 cents from the day prior in the Wednesday PM report at $101.48 per cwt. All primals were reported lower, with the belly the exception, up $5.42. USDA estimated Wednesday’s FI hog slaughter at 488,000 head, with the week to date total at 1.464 million head. That is 1,000 head below the previous week but 25,030 head above than the same week last year.

Dec 24 Hogs  closed at $84.375, up $1.550,

Feb 25 Hogs  closed at $85.700, up $0.325

Apr 25 Hogs  closed at $88.050, up $0.275,


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.