Lean hog futures traded steady to 70 cents lower across the board on Monday. The USDA’s national base hog price came in at $97.77, a $3.86 increase from the previous session, while the CME Lean Hog Index slipped 27 cents to $92.17 as of June 18.
Friday’s Commitment of Traders report showed managed money added 7,258 contracts to their net short position in lean hogs during the week ending June 16, bringing the total net short to 20,959 contracts.
The USDA pork carcass cutout value fell 69 cents to $96.08 per hundredweight in the Monday PM report, with the butt, picnic, and loin primals all trading lower. Federally inspected hog slaughter was estimated at 468,000 head for Monday, down 10,000 from the prior week but 11,116 head above the same Monday a year ago.
July 2026 lean hog futures settled at $94.650, down $0.375; August 2026 closed unchanged at $96.725; and October 2026 finished at $80.850, down $0.475.
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