Lean hog futures increased by 12 to 67 cents on Thursday. The USDA reported a national base hog price of $113.81, down 96 cents from the previous report. As of July 22, the CME Lean Hog Index was at $109.23, up by 64 cents.
Export Sales data for the week ending July 17 showed 17,003 metric tons of pork sold, down from the previous week, while shipments rose to 27,573 metric tons. The USDA reported a FOB plant pork cutout value at $117.71 per cwt, up 47 cents, with total estimated hog slaughter at 473,000 head for Wednesday, bringing the weekly total to 1.396 million head—1,000 head fewer than last week and 17,935 head below the same week last year.
Current futures for August, October, and December 2025 hogs are $108.600 (up $0.125), $91.575 (up $0.675), and $83.175 (up $0.600) respectively.
