Lean hog futures closed the Thursday session with contracts down 95 cents to $1.42. USDA’s national base hog price was reported at $98.30 on Thursday afternoon, down 71 cents from the day prior. The CME Lean Hog Index was down 22 cents on August 4 at $96.95.
Weekly Export Sales data showed 27,335 MT of pork sold for 2026 in the week ending on 7/30, a 3-week low. Mexico was the top buyer of 16,500 MT, with 3,500 MT sold to Japan. Shipments were pegged at 28,069 MT, also a 3-week low. The top destination was Mexico at 13,100 MT, with Japan getting 4,200 MT.
