**Lean Hog Market Update**
As of Thursday morning, USDA reported a national base hog price of $97.60, a 25-cent increase from the previous day. Lean hog futures are showing mixed movements, with contracts fluctuating between a 25-cent decline and a 25-cent rise. The CME Lean Hog Index was valued at $92.92, up 16 cents from June 9.
Export Sales data from USDA indicated pork sales for the week ending June 4 totaled 23,504 metric tons, marking the third lowest for the year, while shipments reached a three-week high at 34,199 metric tons. Additionally, the USDA reported a pork carcass cutout value of $97.01 per hundredweight, reflecting an increase of $1.05, with higher prices noted in the butt, picnic, and belly primal cuts. Federally inspected hog slaughter for Wednesday was estimated at 477,000 head, bringing the week’s total to 1.418 million, which is down 18,000 head from the prior week and 18,405 head below the same week last year.
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