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Hogs Look to Thursday Trade

Barchart
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⚡ Quantum Brief
Lean hog futures declined on October 23, 2025, with contracts dropping 25 to 87 cents as market sentiment weakened ahead of Thursday’s trading session. The USDA’s national base hog price fell to $88.16, a $1.36 drop from the prior day, while the CME Lean Hog Index declined 60 cents to $94.98, signaling continued downward pressure. Pork carcass cutout values dropped 84 cents to $99.75 per cwt, driven by lower prices in picnic, ham, and rib primals, reflecting reduced demand. Federally inspected hog slaughter reached 493,000 head Wednesday, with weekly totals up 4,000 from the prior week and 16,864 above the same period last year. December 2025 hog futures settled at $82.40, down $0.875, while February and April 2026 contracts also closed lower, reinforcing the bearish trend.
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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 Look to Thursday Trade October 23, 2025 — 02:05 pm EDT Written by Austin Schroeder for Barchart-> Lean hog futures slipped lower into the Wednesday close, as contracts were 25 to 87 cents lower. Preliminary open interest rose just 381 contracts. USDA’s national base hog price from Wednesday afternoon was reported at $88.16, down $1.36 from the day prior. The CME Lean Hog Index was down another 60 cents on October 20 at $94.98. USDA’s pork carcass cutout value from the Wednesday afternoon report was back down 84 cents to $99.75 per cwt. The picnic, ham, and rib were the primals reported lower. USDA estimated federally inspected hog slaughter on Wednesday at 493,000 head, with the weekly total at 1.472 million head. That is up 4,000 head from last week and 16,864 head above the same week last year. Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis. Dec 25 Hogs closed at $82.400, down $0.875,Feb 26 Hogs closed at $85.225, down $0.525Apr 26 Hogs closed at $89.750, down $0.250, 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.

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Tags Stocks Barchart With headquarters in the heart of Chicago's financial district, Barchart has been an industry-leader since 1995 when we launched Barchart.com as one of the first websites for commodities and futures market data. Since then, we have evolved into a global financial technology leader providing market data and services to the global financial, media, and commodity industries. More articles by this source-> More Related Articles This data feed is not available at this time. Data is currently not available • Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.

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