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Moore Research Center, Inc.
2026 Seasonal Lean Hog / Cattle-Hog Spreads
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Who Can Benefit & How from MRCI's Seasonal Lean Hog / Cattle Hog Spreads Report?
Tutorial of MRCI Special Historical Reports
View Table of Contents and Sample (PDF)
Lean hog prices have proven one thing over the last several years: volatility isn't going away.
Nearby Hog futures traded in a wide range during 2025, with prior highs of $1.27 in 2022 and lows of $0.65 in 2024. In early January 2025—right when slaughter runs at or near its annual peak—prices traded at $0.75. By June, as slaughter fell toward its seasonal low, hogs rebounded sharply and were trading near $1.13. In January 2026, hog prices were trading at $0.84. Currently, prices are trading at $0.97. Will this seasonal rally break last year's June price high?
That kind of movement isn't random. Prices move, often aggressively, and they tend to do so at familiar times of the year. For producers, processors, and risk managers, understanding those tendencies can support better hedging decisions. For traders and speculators, those same tendencies can highlight recurring opportunities—if you know where to look.
And hogs don't trade in isolation.
How do lean hogs behave relative to cattle? How do cattle/hog spreads expand and contract through the year? MRCI doesn't claim to predict what the next year will bring, but the
2026 Historical Lean Hogs & Cattle/Hog Spreads Report
clearly illustrates how these markets have behaved over time—measuring price movement in both outright hog futures and cattle/hog spreads across the past 15 years.
Whether you're managing price risk or speculating, history matters. It's hard to plan where you're going if you don't understand where you've been.
Markets will continue to be volatile. That's a given. But traders and commercial participants who understand historical price behavior are better equipped to anticipate risk—and opportunity—throughout the year.
If Lean Hogs or Cattle/Hog spreads play any role in your business or trading strategy, this report gives you the historical context to approach 2026 with greater clarity and confidence.
MARKETS
Lean Hogs
Cattle/Hog Spreads
STRATEGIES
23 Outright Trade Strategies
37 Spread Trade Strategies
CHARTS
Seasonal Pattern and Weekly Charts
Inter- & Intra-market Spreads
Historical Daily Charts
Volatility
Cash
Basis
DETAILS
All Charts & Strategies Are Updated Through December 2025
120 Pages
Online Edition - Provides immediate access to the report in digital format - $100.
Hardcopy Mailed Edition includes a printed version mailed to you - $125 plus S&H.
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