Hogs Push Higher on Friday to Close the Week with Strength

Austin Schroeder Barchart Fri Aug 29, 5:13PM CDT
Pig with dirt on snout ear tagged by Lidija Zivic via iStock

Lean hog futures posted gains of 32 to 75 cents across the front months on Friday, with October up $3.825 this week. USDA’s national base hog report showed negotiated prices at $104.91, down $3.28 from the day prior. The CME Lean Hog Index was down 20 cents on August 27 at $106.43. The market will be closed on Monday due to the Labor Day holiday, with a normal open for the Tuesday session.

The Friday afternoon Commitment of Traders report showed speculators adding 8,274 contracts to their net long position and lean hog futures and options as of Tuesday. By August 26th, that net long was 114,042 contracts. 

USDA’s FOB plant pork cutout report from Friday morning was up $2.83 at $114.32 per cwt. The butt was the only primal reported lower. USDA estimated hog slaughter for the weekly total at 2.391 million head. That was 19,000 head below last week and down 36,648 head from the same week last year.

Oct 25 Hogs  closed at $95.025, up $0.750,

Dec 25 Hogs  closed at $87.400, up $0.425

Feb 26 Hogs  closed at $89.625, up $0.325,


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.