New Month for Lean Hogs

The Thursday lean hog futures trade moved prices lower with 0.6% to 2.26% losses. The late 2022 contracts were the weakest on the day, while July hogs were down just 27 cents. USDA’s National Average Base Hog price for Thursday was $2.27 weaker at $118.91. The CME Lean Hog Index was $111.26 for 6/28 after fading back 38 cents.  

Pork cutout futures closed with $0.85 to $1.90 losses on Thursday. USDA’s National Pork Carcass Cutout Value was $107.25 after a $1.31 drop. Federally inspected hog slaughter for the week through Thursday is estimated at 1.832m head. That is down 19k head wk/wk and trails the same week last year by 2,000. 

Jul 22 Hogs  closed at $109.125, down $0.275,

Aug 22 Hogs  closed at $102.100, down $1.475

Jul 22 Pork Cutout  closed at $110.400, down $0.100,