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Barchart
Barchart
Austin Schroeder

Hogs Slipping as Cash Pulls Back, but Pork Pops Higher

Lean hog futures are down a tick to $1.20 across the nearby contracts on Thursday’s midday. USDA’s national base hog price was reported at $107.48 on Thursday morning, falling $6.87 from the day prior. The CME Lean Hog Index was back up 4 cents at $109.60 on August 5. 

Export Sales data showed a total of 30,996 MT of pork sold for 2025 in the week of July 31, a 5-week high. Export shipments were tallied at 28,181 MT in that week, the highest out of the last 3.

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