Lean hog futures were mixed on Thursday, with August contracts declining by $1.50, while some deferred contracts rose by as much as 30 cents. The USDA reported a national base hog price of $97.05, down 74 cents from the previous day. The CME Lean Hog Index increased by 32 cents to $91.98 as of July 7.
In the week ending July 2, weekly export sales recorded 17,718 metric tons (MT) of pork sold for 2026, marking a three-week low, while shipments totaled 30,183 MT, also a three-week low. The USDA’s pork carcass cutout value was reported at $98.81, up 65 cents, with lower values for the loin, picnic, and rib primals. Federally inspected hog slaughter for Thursday was estimated at 480,000 head, bringing the weekly total to 1.894 million head, 53,000 head above the previous week and 18,965 head higher than the same week last year.
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