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Lean hog futures rose $1.35 to $1.87 in the front months on Friday, March 27. USDA's national base hog price was $90.60, and the pork cutout gained $3.15 to $98.50 per cwt.
Slaughter for the week to date was 97,000 head above the prior week.
Higher cutout values and firm futures support hog producer margins and feed demand. The move is routine price action driven by the cutout and slaughter pace.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.