Lean hog futures are trading 50 cents to $1.02 higher across most contracts at midday. USDA’s national base hog price came in at $96.68 Friday morning, down $3.49 from the previous day. The CME Lean Hog Index rose 50 cents on July 15 to $95.10.
The USDA pork carcass cutout value increased $2.85 in the Friday morning report to $105.27. Among the primals, ribs were the only category lower, while the butt led gains, up $5.81. USDA estimated federally inspected hog slaughter at 479,000 head for Thursday, bringing the weekly total to 1.879 million head—15,000 fewer than the prior week but 12,162 more than the same week last year.
August 2026 hogs settled at $101.300, up $1.025.
October 2026 hogs settled at $87.675, up $0.750.
December 2026 hogs settled at $78.450, up $0.500.
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