Lean hog futures experienced gains ranging from 20 to 60 cents across most contracts, with August futures dipping by five cents. The USDA reported the national base hog price at $100.26 on July 14, a decrease of 40 cents from the previous day, while the CME Lean Hog Index rose by 73 cents to $94.60.
In the week ending July 9, weekly export sales data indicated the sale of 21,572 metric tons (MT) of pork for 2026. However, shipments fell to a calendar year low of 25,221 MT. The USDA’s pork carcass cutout value increased by 96 cents to $102.42, and the estimated federally inspected hog slaughter for Thursday was 479,000 head, totaling 1.879 million head for the week—15,000 head less than the previous week but 12,162 head more than the same week last year.
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