Lean Hog Futures Gain as Prices Rise to $84.82, Belly Primal Strengthens

Lean hog futures advanced on Tuesday, January 27, 2026, with gains ranging from 10 to 75 cents across contract months, supported by a $1.57 increase in the national base hog price to $84.82. The CME Lean Hog Index also rose 39 cents to $84.01 as of January 22. The pork carcass cutout value declined $1.57 to $95.69 per cwt, though the belly primal was the only reported gainer. Federally inspected hog slaughter was estimated at 483,000 head for Tuesday, bringing the weekly total to 909,000 head, flat from last week but down 55,014 head year-over-year. February 2026 hogs settled at $89.050, up 75 cents.