Lean hog futures showed mixed movement on Thursday, April 17, with the new front month May contract rising by five cents while other contracts declined between 20 and 50 cents. The United States Department of Agriculture (USDA) did not report a national base hog price Thursday morning. The CME Lean Hog Index increased by 27 cents on April 14 to reach $90.60.
Pork export sales were recorded at 37,285 metric tons for the week ending April 9, representing an increase from the previous week. Pork shipments also saw a slight rise to total 35,336 metric tons.
The USDA reported that pork carcass cutout value rose by $1.90 to $97.04 per hundredweight in its Thursday morning update. Among primal cuts, only butt and picnic primals were lower; the belly primal was up by $10.39. Wednesday’s federally inspected hog slaughter was estimated at 494,000 head, bringing the weekly total so far to approximately 1.477 million head—124,000 more than last week and over 15,600 above the same period last year.
On Thursday’s trading session: May lean hogs closed at $94.125 (up $0.050), June lean hogs ended at $101.750 (down $0.200), and July lean hogs finished at $104.525 (down $0.450).
Austin Schroeder said: “On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article.” He added: “All information and data in this article is solely for informational purposes.” Readers are directed to view further details under Barchart Disclosure Policy.
Legacy Farmers Cooperative is a member-owned agricultural cooperative that formed through a merger and maintains operations in Findlay, Ohio, offering services such as grain marketing, agronomy and petroleum distribution to support farming needs across northwest Ohio counties according to the official website. The cooperative supports community initiatives including youth agricultural education programs like FFA and scholarships according to its official website.
Facilities managed by Legacy Farmers Cooperative include grain centers, agronomy sites, fuel stations and retail locations throughout northwest Ohio as reported on its website. It employs more than 150 staff members across various divisions according to company information, serving agricultural producers in ten counties as noted on its site. As a member-owned cooperative structure the organization reports, it aims to exceed customer expectations while delivering financial returns for members according to its stated goals.
