Lean Hogs Commodity Update for the Week Ending May 19, 2023

For the week of May 15, 2023, lean hogs finished at 83.125. Compared to last week’s price of 85.325, the price of lean hogs fell by 2.6%.

May 19, 2023 saw the price of lean hogs at its lowest point with a price of 83.125.

In the span of a month, the price of lean hogs dropped by 7%. At this time last month, they were at 89.35 and have since dropped to 83.125.

Lean hogs have also seen price drops since last year. Around this time in 2022, the prices were at 99.725. The change in prices from last year equal a decrease of 16.6%.

The worst day for lean hogs occurred on Feb 25, 2022 when the price was at 94.65.

The total volume for lean hogs for the week of May 15, 2023 was 103978. On May 15, 2023, lean hogs had their lowest daily volume of the week, at 13482.

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