**Lean Hog Futures Update:**
On July 14, lean hog futures increased notably, with contracts closing up between 25 cents and $1.37. August contracts saw a weekly rise of $2.65, while USDA reported the national base hog price at $99.32, a decrease of 94 cents from the previous day. The CME Lean Hog Index rose to $95.10, up 50 cents.
The USDA’s pork carcass cutout value increased by $1.99 to $104.41, with noted declines in rib and ham prices. Estimated federally inspected hog slaughter for the week stood at 2.31 million head, marking a decline of 54,000 head from the prior week and 23,497 head compared to the same week last year. The CFTC’s weekly report showed managed money added 1,436 contracts to their net short position, totaling 30,438 contracts.
**Futures Prices as of July 14:**
– August 2026 Hogs: $101.650 (up $1.375)
– October 2026 Hogs: $87.950 (up $1.025)
– December 2026 Hogs: $78.775 (up $0.825)
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