On Thursday, July 4, 2023, lean hog futures saw fluctuations, with front-month contracts increasing between 50 cents and $1.70, while deferred contracts fell by 7 to 30 cents. The USDA reported a national base hog price of $95.47, down $1.45 from the previous day, and the CME Lean Hog Index rose by 24 cents to $91.48. The USDA also indicated that for the week ending June 25, 37,629 metric tons of pork were sold for 2026, marking a 9-week high, but shipments decreased to 31,796 MT.
Additionally, the USDA’s pork carcass cutout value rose by 35 cents to $96.06. The estimated federally inspected hog slaughter on Thursday stood at 455,000 head, bringing the total for the week to 1.847 million, which is 27,000 head lower than the previous week and 32,534 head below the same week last year.
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