Lean hog futures experienced losses of 12 cents to $1.32 on Friday, with June settling at a 12-cent gain for the week. The USDA reported the national base hog price at $91.52, a decrease of $1.80 from the previous day, while the CME Lean Hog Index fell 26 cents to $90.48 as of May 13.
In the week ending May 12, managed money reduced their net long position by 10,222 contracts, bringing the total to 40,860 contracts. The USDA’s pork carcass cutout value increased by $1.01 to $97.56 per cwt, despite declines in the belly and rib primals. Estimated federally inspected hog slaughter for the week is 2.366 million head, down 84,000 from last week and 16,192 below the same week last year.
Futures for June, July, and August 2026 hogs closed at $98.750, $103.350, and $104.150, reflecting decreases of $0.775, $1.200, and $1.325, respectively.
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