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Hogs Extending Weakness on Thursday

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⚡ Quantum Brief
Lean hog futures dropped 77 cents to $1.50 at midday on March 12, 2026, extending recent declines. USDA’s national base hog price fell 89 cents to $92.16, signaling continued market weakness. The CME Lean Hog Index rose 23 cents to $91.20 on March 10, contrasting with futures declines. Weekly USDA export sales hit a 2026 low of 23,723 MT, though shipments rose to 38,897 MT. January pork exports reached a five-year high of 590 million lbs, per Census data. USDA’s pork carcass cutout value climbed 24 cents to $98.65, with only butt and ham primals declining. Hog slaughter hit 496,000 head Wednesday, pushing weekly totals 23,000 above last week and 13,613 above 2025 levels. Futures contracts for April, May, and June all fell sharply. Analysts question how much further prices may drop, citing mixed export data and rising slaughter volumes as key factors. Market sentiment remains cautious amid volatility.
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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 Extending Weakness on Thursday March 12, 2026 — 11:12 pm EDT Written by Austin Schroeder for Barchart-> Lean hog futures are down another 77 cents to $1.50 at midday. USDA’s national base hog price was reported at $92.16 on Thursday morning, down 89 cents from the day prior. The CME Lean Hog Index was another 23 cents higher on March 10 at $91.20.The weekly USDA Export Sales report showed 23,723 MT of pork sold in the week ending on March 5, the lowest this calendar year. Weekly shipments were 38,897 MT, which was up from the week prior. Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis. Monthly export data converted from Census showed 590 million lbs of pork shipments in January, a 5 year high for the month. USDA’s pork carcass cutout value from the Thursday AM report was up 24 cents at $98.65 per cwt. The butt and ham primals were the only reported lower. USDA estimated Wednesday’s federally inspected hog slaughter at 496,000 head, taking the weekly total to 1.476 million head. That is 23,000 head above last week and 13,613 head above the same week last year.Apr 26 Hogs are at $94.425, down $0.775,May 26 Hogs are at $98.950, down $1.100Jun 26 Hogs are at $107.775, down $1.475, 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 Here?

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. 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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