Lean hog futures closed with most contracts steady to 90 cents higher on Thursday, while the June contract finished down 62 cents.
The USDA’s national base hog price was reported at $93.64 on Thursday afternoon, reflecting a decline of $1.00 from the previous day.
The CME Lean Hog Index fell 12 cents on May 26, settling at $90.58 for that session.
The USDA’s pork carcass cutout value, drawn from the Thursday PM report, rose 76 cents to $99.11 per hundredweight.
The rib and belly primals were the only two reported lower in that same Thursday PM pork carcass cutout report.
The USDA estimated federally inspected hog slaughter for Thursday at 476,000 head, with the weekly total reaching 1.413 million head.
That weekly slaughter figure came in 24,837 head below the comparable holiday week total recorded in the prior year.
June 2026 hog futures settled at $96.975, posting a loss of $0.625 on the session.
July 2026 hog futures finished unchanged at $102.125, while August 2026 hog futures edged up $0.075 to settle at $100.925.
The mixed performance across the futures strip reflects varying levels of market conviction heading into the remainder of the trading week.
Overall, Thursday’s session showed resilience across most of the lean hog futures board despite softer cash prices and a lower index reading earlier in the week.
