Stock: Hogs Surge Higher on Tuesday, Feb 27

[Para 1: The Lead] Hogs futures extended their upward trend on Tuesday, February 27, 2026. Lean hog futures, in the front months, closed up 80 cents at $1.55, reflecting robust market sentiment. The CME Lean Hog Index, as of Feb 26, closed at $88.550, up $0.800, marking a significant increase in hog prices. [Para 2-3: Supporting details & Context] USDA reported a national base hog price of $86.37 on Tuesday afternoon, a $4.15 increase from the previous day. The pork carcass cutout value was $1.67 higher at $97.37 per cwt. Notably, the rib and belly were the only primals reported higher, with the rib up $5.06 and belly $15.32 higher. Federally inspected hog slaughter on Tuesday was 487,000 head, a 33,000 head increase from the previous week but 32,851 head below the same week last year. The market remains optimistic, with hog prices showing a clear upward trajectory.