Lean hog futures experienced a decline on Thursday, dropping between 60 cents and $2.15. The USDA reported the national base hog price at $93.58, a decrease of 18 cents from the previous day. The CME Lean Hog Index stood at $91.00, reflecting an increase of 45 cents on May 19.
In export news, pork sales for 2026 were recorded at 31,561 metric tons for the week ending May 14, reaching a three-week high. However, shipments fell to a calendar year low of 34,297 metric tons. The USDA’s pork carcass cutout value increased by 17 cents to $95.64 per hundredweight, while hog slaughter for Thursday was estimated at 478,000 head, bringing the week-to-date total to 1.899 million—a rise of 8,000 from the previous week but down 25,344 compared to the same week last year.
Notable market close figures for hog futures include Jun 26 at $95.125, down $2.150; Jul 26 at $100.025, down $1.950; and Aug 26 at $100.225, down $1.600.
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