On Thursday, lean hog futures dropped between $1.65 and $1.92 across most contracts. The USDA did not report its national base hog price due to thin trading levels, while the CME Lean Hog Index rose by 45 cents to $91.00 as of May 19.
Export sales data from the USDA indicated that pork sales for 2026 reached 31,561 metric tons for the week ending May 14, marking a three-week high, though shipments fell to a calendar year low of 34,297 metric tons. Additionally, the USDA’s pork carcass cutout value decreased by 36 cents to $95.11 per cwt, with the belly primal seeing the largest decline at $9.06. Federally inspected hog slaughter was estimated at 482,000 head on Wednesday, bringing the week-to-date total to 1.421 million, down 8,000 head from the previous week and 24,713 head compared to the same week last year.
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