Lean hog futures ended Friday with losses ranging from 50 cents to $1.65, with August futures dropping $1.42 this week. The USDA reported a national base hog price of $106.59, down $5.74 from Thursday. As of July 8, the CME Lean Hog Index was $107.14, reflecting a slight increase of 10 cents.
USDA’s estimated hog slaughter for the week reached 2.371 million head, exceeding last week’s figures by 1,838 heads. Pork production projections for 2025 have been raised by 45 million lbs to 28.041 billion lbs, and estimates for 2026 have increased by 110 million lbs to 24.48 billion lbs. The USDA’s FOB plant pork cutout value decreased by 68 cents to $113.47.
