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Hogs Look to Wednesday Following Tuesday Recovery

May 06, 2026 at 08:28 AM EDT

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

Lean hog futures posted 65 cent to $1.80 gains on Tuesday. Open interest suggested net new buying, up 2,508 contracts. USDA’s national base hog price was not reported on Tuesday afternoon due to packer submission issues. The CME Lean Hog Index was back down 27 cents on May 1 at $91.03.

Monthly trade data from Census converted to a carcass basis showed pork exports at 678.14 million lbs. That was the 3^rd largest on record for March and up 18.1% from February.

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USDA’s pork carcass cutout value from the Tuesday PM report was down $1.39 at $95.97 per cwt. The rib primal was the only reported higher. USDA estimated federally inspected hog slaughter for Tuesday at 488,000 head, with the weekly total at 967,000. That is up 5,000 head from the previous week and 4,175 head above the same week last year.

May 26 Hogs closed at $92.800, up $1.175,

Jun 26 Hogs closed at $101.425, up $1.675

Jul 26 Hogs closed at $103.525, up $1.700,

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.

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