Hogs Face Thursday Weakness, as Cash Grind Continues Lower

Lean hog futures posted Thursday losses of 7 to 50 cents across the board on Thursday. USDA’s national base hog price was down $1.22 from the day prior in the Thursday PM report at $66.48. The CME Lean Hog Index was down another 20 cents on October 20 at $72.82.

Export Sales data showed 37,475 MT of pork sales in the week of October 15 for 2026 shipment. Mexico was the buyer of 11,800 MT, with 7,500 MT sold to South Korea. Actual exports were tallied at 32,740 MT in that week, with 15,300 MT headed to Mexico. 

USDA’s pork carcass cutout value was back up 73 cents in the Thursday afternoon report, at $75.23. The rib and belly primals were the only reported higher. Federally inspected hog slaughter for Thursday was estimated at 497,000 head, with the weekly total at 1.951 million head. That is 20,000 head below last week and 16,330 head above of the same week last year, Wednesday was revised 5,000 head lower.

Dec 26 Hogs  closed at $65.550, down $0.175,

Feb 27 Hogs  closed at $67.425, down $0.500

Apr 27 Hogs  closed at $72.450, down $0.250,

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.