Lean hog futures concluded July with gains ranging from a dime to 60 cents on July 27. The USDA reported a national base hog price decline of $1.67, now at $111.67, while the CME Lean Hog Index rose by a dime to $110.51 as of July 29.
Pork export sales for the week ending July 24 totaled 17,003 MT, marking a six-week low, with shipments increasing to 27,573 MT from the previous week. The USDA’s pork cutout value decreased by $2 to $114.00 per cwt, with a notable drop of $10.83 in the belly section. Estimated hog slaughter for Thursday was 479,000 head, contributing to a week-to-date total of 1.859 million head, down from the previous week.
August 25 hogs closed at $107.125, October 25 at $89.575, and December 25 at $81.725.
