Lean hog futures posted 20 to 60 cent gains in most contracts, with August down a nickel. Open interest was down 2,966 contracts, suggesting some shorts covering. USDA’s national base hog price was reported at $100.26 on Thursday afternoon, down 40 cents from the day prior. The CME Lean Hog Index was 73 cents higher on July 14 at $94.60.
Weekly Export Sales data showed 21,572 MT of pork sold for 2026 in the week ending on 7/9, rebounding from last week. Mexico was the top buyer of 9,100 MT, with 7,100 MT to Japan. Shipments were pegged at 25,221 MT, a calendar year low.
