June Hog Seasonal
June hog futures prices have advanced more than declined in 15 of 24 years in which the preceding year *year t) pig crop was less than the previous year’s (year t-1) level. In December USDA estimated the June 2022 to November 2022 pig crop at 67.2 million head compared to 68.1 million head in the same period in 2021.
| June Lean Hogs $/cwt | ||||||
| February July | ||||||
| *YEARS | Jan-27 | High | % Change | Low | % Change | X=Bull Years |
| 1970 | $28 | $29 | 6% | $26 | -7% | |
| 1972 | $29 | $29 | 1% | $25 | -12% | |
| 1973 | $32 | $41 | 30% | $31 | -3% | x |
| 1974 | $48 | $49 | 2% | $24 | -51% | |
| 1975 | $42 | $52 | 24% | $40 | -6% | x |
| 1976 | $42 | $53 | 27% | $43 | 1% | x |
| 1981 | $52 | $56 | 6% | $44 | -17% | |
| 1982 | $50 | $63 | 28% | $48 | -3% | x |
| 1983 | $57 | $56 | -1% | $46 | -20% | |
| 1985 | $54 | $54 | 1% | $44 | -18% | |
| 1986 | $46 | $54 | 18% | $40 | -12% | x |
| 1987 | $47 | $64 | 36% | $45 | -5% | x |
| 1990 | $53 | $67 | 28% | $52 | -3% | x |
| 1994 | $55 | $56 | 2% | $45 | -18% | |
| 1996 | $50 | $67 | 33% | $50 | -1% | x |
| 1997 | $81 | $87 | 8% | $76 | -6% | x |
| 2000 | $67 | $78 | 16% | $64 | -4% | x |
| 2001 | $63 | $73 | 16% | $63 | 0% | x |
| 2003 | $63 | $68 | 7% | $56 | -11% | |
| 2009 | $76 | $77 | 2% | $56 | -26% | |
| 2010 | $77 | $88 | 14% | $74 | -4% | x |
| 2014 | $102 | $133 | 30% | $103 | 1% | x |
| 2021 | $88 | $123 | 41% | $87 | -1% | x |
| 2022 | $106 | $127 | 20% | $97 | -9% | x |
| 2023 | ||||||
| *Years in which USDA’s June/November pig crop estimate (in year t-1) was less than the previous year’s crop. | ||||||