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Barchart
Barchart
Austin Schroeder

Hogs Continue to Climb as Traders Look to Round Out the Week

USDA

Lean hog futures closed with gains of 30 to 70 cents across most front months, with other contracts down 15 to 12 cents higher. Open interest was up 1,747 contracts on Thursday. USDA’s national base hog price was reported at $102.14 Thursday afternoon, up $1.06 from the day prior. The CME Lean Hog Index was 56 cents higher on July 21 at $97.08.

Weekly Export Sales data showed 28,771 MT of pork sold for 2026 in the week ending on 7/16, a 3-week high. Shipments were pegged at 29,459 MT, the second lowest for the calendar year.

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