Lean hog futures posted 12 cent to $1.32 losses across the board on Friday, with June settling with a 12 cent gain on the week. Open interest was down 692 contracts on Friday. USDA’s national base hog price was reported at $91.52 on Friday afternoon, down $1.80 from the day. The CME Lean Hog Index was back down 26 cents on May 13 at $90.48.
On Sunday, the White House released a fact sheet on the US/China talks from last week, in part stating that “China will purchase at least $17 billion per year of U.S. agricultural products in 2026 (prorated), 2027, and 2028, in addition to the soybean purchase commitments that it made in October 2025.”
