Lean hog futures posted losses of 60 cents to $1 across the nearby contracts on Friday, with February slipping 42 cents for the week. USDA’s national base hog price was not reported on Friday afternoon due to thin trading volume.
The CME Lean Hog Index was up by one cent on December 30, closing at $82.26. Meanwhile, USDA’s pork carcass cutout value from the Friday PM report rose by 83 cents to $94.57 per cwt. Notably, the butt and belly primals were the only cuts reported lower.
USDA estimated the federally inspected hog slaughter for the week at 2.228 million head. This figure is 250,000 head higher than the previous week but down 41,794 head compared to the same week last year.
February 26 hog futures closed at $84.10, down $1.00; April 26 hog futures closed at $89.10, down $0.80; and May 26 hog futures closed at $93.375, down $0.625.
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**Disclosure:** On the date of publication, Austin Schroeder did not hold positions—directly or indirectly—in any of the securities mentioned in this article. All information and data provided are solely for informational purposes. For more details, please view the [Barchart Disclosure Policy](#).
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*The views and opinions expressed herein are those of the author and do not necessarily reflect the views or opinions of Nasdaq, Inc.*
https://www.nasdaq.com/articles/hogs-pullback-kick-new-year