**Lean hog futures saw losses on Thursday, with July contracts down $1.15 to close at $92.70, while August contracts fell by $0.10 to $96.60. The USDA reported a national base hog price of $95.29, a decrease of 27 cents from the previous day. The CME Lean Hog Index increased by 38 cents to $91.85 as of June 23.**
**According to USDA’s Hogs and Pigs report, the June 1 hog inventory stood at 73.664 million head, reflecting a slight decline of 0.04% from last year. Breeding hogs dropped 1.16% to 5.88 million head, whereas market hog numbers increased by 0.05% to 67.784 million head. Additionally, the March-May pig crop rose 0.2% to 33.521 million head, with farrowing intentions for June-August projected at 2.9 million head, which is down 2.19% from last year.**
**USDA export sales data for pork indicated a total of 26,229 MT sold for the week ending June 18, marking a three-week high, while shipments totaled 32,007 MT, rebounding from a calendar year low. Pork stocks as of May 31 reached 451.92 million lbs, a 0.26% increase year-over-year. The USDA estimated a federally inspected hog slaughter of 479,000 head on Thursday, bringing the weekly total to 1.887 million head, which is an increase of 11,000 head from last week and 13,375 head from the same week last year.**
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