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Hogs Extend Rally to Friday’s Close

Barchart
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⚡ Quantum Brief
Lean hog futures rose 20–75 cents Friday, capping a weekly rally where April contracts gained $2.40, despite USDA’s national base price dropping $2.08 to $88.96. The CME Lean Hog Index edged up 40 cents to $87.59, while pork exports hit a 5-week low at 27,255 MT, with Mexico (9,200 MT) and Japan (5,600 MT) as top buyers. Managed money reduced net long positions by 16,820 contracts, leaving 116,461 contracts, signaling cautious sentiment amid volatile price swings. Pork carcass cutout values fell 67 cents to $95.61, though rib and belly primals bucked the trend, showing selective demand strength. Weekly federally inspected hog slaughter reached 2.516 million head, down 19,000 from last week and 14,671 below the same period last year.
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AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA Stocks Hogs Extend Rally to Friday’s Close February 21, 2026 — 09:41 am EST Written by Austin Schroeder for Barchart-> Lean hog futures were up another 20 to 75 cents on Friday, as the bounce this week saw April rally $2.40. USDA’s national base hog price was reported at $88.96 on Friday afternoon, down $2.08 from the day prior. The CME Lean Hog Index was 40 cents higher on Feb 18 at $87.59.USDA tallied 27,255 MT of pork sold in the week of 2/12, a 5-week low. Mexico was the largest buyer of 9,200 MT, with 5,600 MT to Japan. Export shipments were a total of 35,653 MT, the lowest for the calendar year. The largest destination was Mexico at 17,200 MT, with 4,200 MT to Japan. Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis. Managed money cut 16,820 contracts from their large net long position in the week of 2/17, with the net long at 116,461 contracts. USDA’s pork carcass cutout value from the Friday PM report was 67 cents lower at $95.61 per cwt. The rib and belly primals were the only reported higher. USDA estimated federally inspected hog slaughter for this week at 2.516 million head. That was 19,000 head below last week but 14,671 head shy of the same week last year.Apr 26 Hogs closed at $93.675, up $0.225,May 26 Hogs closed at $98.275, up $0.525Jun 26 Hogs closed at $107.825, up $0.650, 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. More news from Barchart How Much Lower Will Lean Hog Prices Go? 1 Trade to Make Here. Cattle, Hog Bulls Still Have an Edge. What Needs to Happen for Prices to Keep Climbing. Live and Feeder Cattle Rally on USDA COF Report; Lean Hogs Are Technically Strong Cattle and Hogs in Q4 and 2025- What are the Prospects for Q1 2026 and Beyond The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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