Weekly pig report: Lean hog futures slip to two-week low on profit-taking
April lean hog futures fell to a two-week low as traders booked profits and liquidated long positions amid weakening technical signals
14 March 2026
1 minute read
By: Lean hog futures bulls fading a bit
April lean hog futures fell 87 1/2 cents to $95.20 and posted a two-week low close. Hog futures saw more profit-taking pressure and weak long liquidation as the near-term technical posture of the market deteriorates. Solidly lower cattle futures prices also spilled over into selling interest in hog futures. The latest CME lean hog index is up 10 cents at $90.97. Today’s projected cash index price is up another 23 cents at $91.20. The national direct five-day rolling average cash hog price quote Wednesday was $70.35.
United Nations Food Price Index (FPI) increased for the first time in 5 months in Feb.
The FPI rose to 125.3 as gains in wheat, vegetable oils and meat prices outweighed declines in dairy and sugar. The index — which tracks a basket of globally traded food commodities — rose 0.9% from January but remained about 1% below its level a year earlier.
The meat price index increased 0.8% in February, driven largely by firmer beef and sheep meat prices.
Despite the monthly increase, the overall food price index remains nearly 22% below the peak recorded in March 2022.
The next week’s likely high-low price trading ranges:
April lean hog futures--$92.50 to $97.30 and with a sideways
May soybean meal futures--$307.50 to $325.50, and with a sideways bias
May corn futures--$4.55 to $4.76 and a sideways-higher bias
Latest analytical daily charts lean hog, soybean meal and corn futures
