Lean hog futures were trading down 2 to 50 cents by midday on Thursday. The USDA’s national base hog price was reported at $97.32, 18 cents lower than the prior day. The CME Lean Hog Index rose 50 cents on June 16, reaching $92.43. Markets will close for the week on Friday in observance of Juneteenth.
USDA export‑sales data showed pork shipments for 2026 at 16,123 metric tons for the week ending June 11, a new calendar‑year low. Total shipments were 29,962 metric tons, the lowest weekly total recorded for 2026.
USDA’s pork carcass cutout value in the Thursday morning report fell $1.30 to $93.47 per cwt. The picnic, ham and belly cuts all declined, with the belly down $9.52. USDA estimated federally inspected hog slaughter at 476,000 head on Wednesday, bringing the week‑to‑date total to 1.439 million heads—up 37,000 from the previous week and 26,465 above the same week last year.
July 26: Hogs at $94.625, down $0.025
August 26: Hogs at $96.100, down $0.400
October 26: Hogs at $80.800, down $0.475
On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
