Lean hog futures experienced a decline of 80 cents to close at $2.62, with June futures rising marginally by 10 cents over the week. On May 26, the USDA reported a national base hog price of $93.23, down 41 cents from the previous day. The CME Lean Hog Index increased by 34 cents to $90.92 on May 27.
Managed money continues to reduce their net long positions in lean hog futures, cutting 20,728 contracts to a total of 12,985, marking the lowest level since August 2024. Export sales data indicated pork sales for 2026 totaled 32,874 metric tons for the week ending May 21, with major purchases by Mexico (19,500 MT) and Japan (3,500 MT). The USDA estimated federally inspected hog slaughter for the week at 2.143 million head, a decrease of 7,313 from the same week last year.
On the futures market, June 26 Hogs closed at $95.850 (down $1.125), July 26 Hogs at $99.500 (down $2.625), and August 26 Hogs at $98.350 (down $2.575).
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