Hogs Push Back Higher on Wednesday

Austin Schroeder Barchart Wed Jan 22, 5:29PM CST
Pig with dirt on snout ear tagged by Lidija Zivic via iStock

Lean hog futures posted 27 to 57 cent gains on Wednesday. The national average base hog negotiated price was reported at $81.26 on Wednesday afternoon, up $1.51 from the day prior. The CME Lean Hog Index was reported at $81.46 on January 20, up 6 cents from the previous day. 

Late on Tuesday, President Trump followed the 25% Mexico and Canada tariff threat with a February 1 start date for potential 10% tariffs on China.

USDA’s FOB plant pork cutout value was 65 cents lower in the Wednesday PM report at $90.17 per cwt. Federally inspected hog slaughter for Wednesday was at 444,000 head, with the week to date total at 1.348 head. That is 99,000 head below last week and down 103,582 head from the same week last year. 

Feb 25 Hogs  closed at $81.475, up $0.275,

Apr 25 Hogs  closed at $87.275, up $0.575

May 25 Hogs  closed at $92.000, up $0.575,


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.