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Lean hog futures extend rally into Wednesday as October and December contracts rise 22.5 and 57.5 cents

AI Market Summary
US lean hog futures extended a steady rally as cash markets strengthened: USDA's national base hog price rose to $101.08/cwt and the CME Lean Hog Index climbed to $96.64. Weekly slaughter ran below both the prior week and last year, signaling marginally tighter near-term supply. Offsetting this, pork cutout values dipped, suggesting some demand or margin pressure. Overall, the data supports firmer hog futures pricing.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT-1.53%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▲ Bullish
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U.S. lean hog futures posted broad gains on Wednesday, with the October and December contracts up 22.5 cents and 57.5 cents, respectively. USDA’s national base hog cash price was $101.08 per cwt, up 86 cents from the prior day. The CME Lean Hog Index rose to $96.64 per cwt. Federally inspected hog slaughter for the week to date totaled 1.38 million head, down 17,913 head from the same week last year.
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