Hogs Rally Back on Wednesday

Austin Schroeder Barchart Wed Jul 16, 3:57PM CDT
Black and brown pig in green pasture by LUNAMARINA via iStock

Lean hog futures posted gains of 50 cents to $1.30 on the Wednesday session. USDA’s national base hog price had a weighted average of $112.60 on Wednesday afternoon, up $3.02 from the day prior. The CME Lean Hog Index was down 6 cents at $107.19 on July 14. 

USDA’s FOB plant pork cutout value for Wednesday afternoon was 17 cents higher at $114.02. Pork belly quotes were another $2.73 per cwt higher, with firmer ham prices also supporting the cutout. Wednesday’s estimated hog slaughter was 477,000 head according to the USDA, taking the weekly total to 1.408 million head. That was 10,000 head below last week and 26,663 head lower than the same week last year.

China’s NBS (National Bureau of Statistics) is reporting that2Q25 pork production in that country was up 1.4% year/year, attributing it mostly to higher slaughter weights.  A different ministry had reported that sow numbers at the end of May were up 1.2% for the year. 

Aug 25 Hogs  closed at $104.425, up $0.500,

Oct 25 Hogs  closed at $88.700, up $1.225

Dec 25 Hogs  closed at $80.450, up $1.275,


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.