Lean hog futures posted modest gains of 10 to 52 cents on Thursday, as October was the lone holdout, down 27 cents. USDA’s national base hog price was down 99 cents in the Thursday PM report at $89.76. The CME Lean Hog Index was down another 23 cents on August 25 at $92.42.
Weekly Export Sales data showed 38,690 MT of pork sold for 2026 in the week ending on August 20, a 12-week high. Mexico was the top buyer of 22,700 MT, with 2,600 MT sold to Japan. Shipments were pegged at 29,902 MT, back up from the week prior. The lead destination was Mexico at 13,800 MT, with 4,400 MT headed to Japan.
USDA’s pork carcass cutout value was down another $1.75 in the Thursday afternoon report, at $94.09. The ham was the only primal reported higher. USDA estimated federally inspected hog slaughter for Thursday at 486,000 head, with the week to date total at 1.901 million head. That is 28,000 head below the previous week and down 1,679 head from the same week last year.
Oct 26 Hogs closed at $80.625, down $0.275.
Dec 26 Hogs closed at $71.200, up $0.225.
Feb 27 Hogs closed at $73.850, up $0.125.
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