Lean hog futures rose on Friday, with gains between 35 to 87 cents. July futures reached a record high of $113.02. The USDA reported a national base hog price of $110.46, a decrease of $2.66 from the previous day. The CME Lean Hog Index increased by $2.64, reaching $107.59.
In the week from June 12, pork export sales bounced back to 28,196 MT, marking a 31.5% increase compared to the same week last year. However, shipments for the week totaled 30,248 MT, down 10.4% from the prior week. The USDA’s FOB plant pork cutout value rose by $3.16 to $122.14, with the rib and ham sectors seeing the most significant increases.
Estimated federally inspected hog slaughter for the week, including Saturday, is projected to be 2.365 million head, compared to 2.375 million the previous week and 2.412 million a year ago, reflecting a 2% decrease year-to-date from 2024.
