Lean hog futures surged on Tuesday, with prices rising by twenty-five to sixty-five cents across most contracts. This surge was accompanied by a significant increase in open interest, indicating fresh buying interest. The USDA national base hog price also saw a notable jump, reaching sixty-nine dollars and forty-three cents.The NASS quarterly Hogs and Pigs report revealed a slight increase in December first inventory, standing at seventy-five point five five million head. Market hogs ready for slaughter also rose, while breeding hogs saw a dip.Cold storage data showed a significant decrease in pork stocks, reaching the lowest November total since nineteen ninety-seven. Speculative funds also increased their net long position.Pork carcass cutout values fell, but loins, picnics, and ribs saw gains. Federally inspected hog slaughter reached four hundred ninety-two thousand head, marking a significant increase from last week.February twenty twenty-six hogs closed at eighty-five dollars and ninety-seven point five cents, up sixty-two point five cents, while April settled at ninety dollars and twenty-seven point five cents, up forty cents, and May at ninety-three dollars and eighty-five cents, up twenty-five cents. With the CME closing early today and no trading Thursday, traders are closely monitoring these tight supplies.

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