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Hogs Slip Lower on Friday

Lean hog futures closed with contracts steady to 92 cents lower on Friday. The national average base hog negotiated price was reported at $79.59 on Friday afternoon, which was down 49 cents from the day prior. The CME Lean Hog Index was reported at $83.99 on December 31, down 28 cents from the previous day. 

Pork export sales totaled 7,528 MT for 2024 in the week of 12/26, with 13,527 MT for 2025. Mexico had combined purchases of 11,300 MT, with 5,900 MT sold to Japan. Shipments in that week were 23,746 MT, a 12-week low. Mexico was destined for 10,100 MT, with 2,600 MT to Japan.

USDA’s FOB plant pork cutout value was back up 22 cents in the Friday PM report at $89.54 per cwt. The loin, picnic, and ham were the primals reported lower. Federally inspected hog slaughter was estimated 2.288 million head. That was up 237,000 head from last week but down 80,755 head from the same week last year. 

Feb 25 Hogs  closed at $80.775, down $0.375,

Apr 25 Hogs  closed at $85.775, down $0.775

May 25 Hogs  closed at $90.575, down $0.625,


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.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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