Hog Traders Look to Round Out the Week

Austin Schroeder Barchart Fri Sep 12, 7:33AM CDT
Black and brown pig in green pasture by LUNAMARINA via iStock

Lean hog futures posted 35 cent to $1.35 gains across most contracts on Thursday. USDA’s national base hog report from Thursday morning saw trade averaging $107.29, down 47 cents from the day prior. Preliminary open interest was up 5,434 contracts on Thursday, suggesting new buying interest. The CME Lean Hog Index was down another 6 cents on September 9 at $105.93. 

Export Sales data showed a total of 17,327 MT of pork sold in the week ending on 9/4, a 7-week low. China was the top buyer of 8,200 MT, with 4,700 MT sold to Mexico. Shipments were the lowest since mid-January at 23,358 MT.

USDA’s FOB plant pork cutout report from Thursday afternoon was back down $1.60 at $113.17 per cwt. The loin and picnic primals were the only reported higher, with the belly down $10.42. USDA estimated federally inspected hog slaughter for Thursday at 487,000 head, taking the week’s total at 1.947 million head. That is 8,342 head above the same week last year.

Oct 25 Hogs  closed at $98.175, up $1.350,

Dec 25 Hogs  closed at $89.250, up $0.975

Feb 26 Hogs  closed at $90.575, up $0.350,


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.