Lean Hog Futures Mixed as June Declines, Summer Contracts Advance

Lean hog futures showed divergent movement Friday, with the nearby June contract slipping 25 cents while deferred months posted gains. July hogs rose 80 cents and August added 35 cents.

The USDA’s national base hog price averaged $94.26 Friday morning, a $3.34 decline from the previous session. The CME Lean Hog Index fell 2 cents on June 10 to $92.90.

The pork carcass cutout value dropped $3.31 to $97.78 per hundredweight in Friday’s morning report, though all primal cuts traded higher. The butt led advances with an $11.12 increase.

Federally inspected hog slaughter for Thursday was estimated at 485,000 head, bringing the week-to-date total to 1.884 million head — down 25,000 from the prior week and 28,850 below the same period last year.

June 2025 hogs settled at $92.525, down $0.250; July 2025 at $97.425, up $0.800; and August 2025 at $96.250, up $0.350.

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