Tuesday Quotes: Hog Futures Rally Higher Across the Board

Lean hog futures staged a strong rally in Tuesday trading, with front-month contracts climbing 80 cents to reach $1.60. The gains reflect broader market optimism in the pork sector, demonstrating healthy demand indicators and supportive pricing dynamics as reflected in the latest Tuesday quotes from major commodity exchanges.

Futures Performance and USDA Tuesday Quotes

The USDA’s national base hog price reached $86.27 on Tuesday morning, representing a substantial gain of $4.05 from Monday afternoon’s close. Meanwhile, the CME Lean Hog Index pulled back slightly, declining 7 cents to settle at $85.71 on January 30. The pork carcass cutout value continued its upward momentum, rising 35 cents to $96.05 per cwt in Tuesday morning’s trading session. Among the individual cuts, only the loin and butt sections traded lower, while other primals maintained strength—a typical pattern during periods of robust demand.

These Tuesday quotes underscore solid market fundamentals and buyer enthusiasm in the pork complex. The divergence between futures gains and index performance suggests selective strength in specific contract months and delivery periods.

Slaughter Data and Forward Contract Outlook

Federal hog slaughter on Monday reached 461,000 head, according to USDA estimates. This volume represents a 35,000-head increase compared to the previous Monday, though it ran 15,393 head below the corresponding period last year. The production levels support the bullish narrative evident in this week’s Tuesday quotes.

Looking ahead, the deferred contract months showed impressive strength. February 26 hogs climbed $0.800 to $88.550, while April 26 contracts surged $1.600 to reach $98.225. May 26 futures gained $1.350, trading at $101.975. This structure—with back-month contracts outperforming front months—suggests market confidence in sustained demand and potential supply tightening, reinforcing the constructive tone captured in Tuesday’s commodity market quotes.