Hogs Look to Monday Amid Weaker Cash and Cutout from Friday

Lean hog futures were down 72 cents to $1.62 across most contracts on Friday, with October slipping 77 cents for the week. Open interest down 3,881 contracts on Friday. USDA’s national base hog price was reported at $85.38 on Friday afternoon, down $1.48 from the day prior. The CME Lean Hog Index was down another 57 cents on September 9 at $88.22.

Weekly Export Sales data showed 27,435 MT of pork sold for 2026 in the week ending on September 3, a 3-week low. Shipments were pegged at 30,187 MT, a 4-week high.

Managed money in lean hog futures and options cut another 4,767 contracts from their net short as of Tuesday, taking the position to -23,556 contracts 

USDA’s pork carcass cutout value was down $2.01 in the Friday PM report, at $89.80. The rib and ham primals were the only reported higher, with the belly falling $9.67. USDA estimated federally inspected hog slaughter for last week at 2.269 million head, well below the same non-holiday week last year.

Oct 26 Hogs  closed at $81.525, down $1.625,

Dec 26 Hogs  closed at $72.700, down $1.650

Feb 27 Hogs  closed at $75.200, down $1.625,

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.