Hogs Falling On Monday, with Cutout Pressure

Austin Schroeder Barchart Mon Jun 30, 11:54AM CDT
Black and brown pig in green pasture by LUNAMARINA via iStock

Lean hog futures are down $2.17 to $2.80 at Monday’s midday. USDA’s national base hog price was up $4.66 in the Monday morning report, with negotiated trade at $112.51. The CME Lean Hog Index was 13 cents higher at $112.02 on June 26.

CFTC data showed the managed money crowd in lean hog futures and options adding 4,442 contracts to their now record net long position of 134,292 contracts.

USDA’s Monday morning FOB plant pork cutout value was back down 93 cents at $116.53. The rib and ham led the charge lower, with all other primals reported higher. Federally inspected hog slaughter for last week as estimated at 2.408 million head by USDA. That is up 51,000 head from last week but 9,344 head below the same week last year. 

Jul 25 Hogs  are at $110.625, down $2.625,

Aug 25 Hogs  are at $107.475, down $2.800

Oct 25 Hogs  is at $92.450, down $2.175,


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.