
Lean hog futures are trading with 30 to 65 cent losses on Friday’s midday. USDA’s national base hog price was reported at $106.04 on Friday morning, dropping $6.71 from the day prior. The CME Lean Hog Index was up a dime at $107.14 on July 9.
Pork production out of the US was raised by 45 million lbs for the 2025 projection from the World Ag Outlook Board, to 28.041 billion lbs. That came via an increase to the last half of the year. Estimates for the 2026 production were up 110 million lbs to 24.48 billion lbs.