Lean Hog Futures Ticker Up Slightly

Tuesday, Aug 19, 2025 8:53 am ET1min read

Lean hog futures settled Monday up a tick to 62 cents, while USDA's national base hog price was down 18 cents to $107.70. The CME Lean Hog Index was back down 3 cents at $109.80. USDA's FOB plant pork cutout report was down 4 cents at $116.36 per cwt. Oct 25 Hogs closed at $90.125, up $0.025, Dec 25 Hogs closed at $83.450, up $0.425, and Feb 26 Hogs closed at $86.250, up $0.625.

On July 2, 2025, Lean hog futures settled up a tick to 62 cents, indicating a marginal increase in investor sentiment towards the pork industry. This upward movement comes as the U.S. Department of Agriculture (USDA) reported a national base hog price decrease of 18 cents to $107.70. The CME Lean Hog Index, which tracks forward-looking risk expectations on Lean Hog, fell back by 3 cents to $109.80, reflecting a slight decline in market volatility.

The USDA's FOB plant pork cutout report also experienced a decrease of 4 cents, settling at $116.36 per cwt. This downward trend in pork cutout prices may signal a potential oversupply in the pork market, impacting the overall demand and pricing dynamics.

Looking at the futures market, the October 25 hog futures closed at $90.125, marking an increase of $0.025 from the previous close. The December 25 hog futures rose to $83.450, up by $0.425, while the February 26 hog futures closed at $86.250, up by $0.625. These price movements suggest a general upward trend in the pork futures market, with varying degrees of price increase across different expiration dates.

The market commentary from CME Group highlights the importance of monitoring Lean Hog futures and options for risk management and price discovery in the pork industry. The CME Lean Hog Index and other volatility indices provide valuable insights into the market's risk expectations and potential future price movements.

For more detailed insights and market analysis, investors and financial professionals can utilize the tools and resources provided by CME Group, such as the Open Interest Profile Tool, Open Interest Heatmap, Commitment of Traders, and Volatility Index (CVOLTM) [1].

References:
[1] https://www.cmegroup.com/markets/agriculture/livestock/lean-hogs.html

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