Managed Money Trims Lean Hog Net Short by 1,242 Contracts
Managed money reduced its net short position in lean hog futures by 1,242 contracts during the week of August 4, bringing the total net short to 9,642 contracts, according to the CFTC Commitments of Traders report. Lean hog futures posted steady to 50-cent gains on Friday, though the August contract lost $3.35 for the week. The USDA’s national base hog price fell 63 cents to $97.67, while the CME Lean Hog Index slipped 29 cents to $96.66. The pork carcass cutout value rose $2.24 to $101.50, with all primals higher, and estimated weekly hog slaughter reached 2.281 million head, up 17,000 from the prior week and nearly 50,000 above the same week last year.
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Lean Hog Futures Slide Over a Dollar on Wednesday
Lean hog futures posted losses of $1.07 to $1.45 on Wednesday. The USDA’s national base hog price fell 52 cents to $98.91, while the CME Lean Hog Index dropped 51 cents to $97.17 as of August 3. The pork carcass cutout value rebounded $2.40 to $102.23 in the morning report, with only picnic and rib primals declining. Federally inspected hog slaughter reached 483,000 head on Tuesday, bringing the weekly total to 901,000 head, which is 29,000 above the prior week but 7,649 below the same week last year.
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Lean Hog Futures Rise, Cash and Pork Cutout Values Also Higher
Lean hog futures posted gains of 45 cents to $1.20 in most contracts on Tuesday. The national average base hog negotiated price was reported at $80.14, up $1.00 from the day prior, while the CME Lean Hog Index reached $80.76 on January 10, up 33 cents. USDA’s FOB plant pork cutout value edged a penny higher to $90.21 per cwt, with the loin primal up $1.78. Federally inspected hog slaughter for Tuesday was 477,000 head, bringing the week-to-date total to 963,000 head, which is 29,000 head larger than last week and 143,121 head above the same week last year.
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LEANHOG.COMM▼
Hog Prices Remain Low, Multiple Listed Pig Companies Plan to Suspend New Farm Construction Projects
Hog prices continue to run at low levels, and multiple listed pig companies plan to suspend new farm construction projects. Shennong Group announced it intends to suspend construction of the Longmen pig farm project of Guangxi Daxin Shennong Agriculture Company Limited, which originally planned an investment of 120 million yuan, aimed at implementing hog production capacity control targets. Earlier, New Wellful terminated the construction project of a 2,400-head sire line pig farm in Yangjiadu Village, Huitong County, by Hunan Tianxin Breeding Company Limited in May. ST Longda announced on July 22 the termination of two hog breeding investment projects, scaling back capacity expansion and shifting focus to safeguarding cash flow and improving quality and efficiency at already operational pig farms.
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Lean Hog Futures Rise Modestly on Tuesday
Lean hog futures closed higher on Tuesday, with gains ranging from 17 to 42 cents. Modest new buying interest was noted as open interest rose by 1,629 contracts. USDA’s national base hog price was reported at $100.22 on Tuesday afternoon, up $1.33 from the prior day, while the CME Lean Hog Index increased 51 cents to $96.16 as of July 17. The pork carcass cutout value gained $1.72 to $104.82, led by higher belly, rib, and ham primals. Federally inspected hog slaughter for Tuesday was estimated at 479,000 head, bringing the week-to-date total to 910,000 head after a revision to Monday, which is 11,000 head below the prior week and 14,487 head below the same week last year.
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Lean Hog Futures Mixed as Managed Money Extends Net Short Position
Lean hog futures are trading mixed on Monday, with most contracts within 35 cents of unchanged. The CME Lean Hog Index rose 50 cents to $95.10 on July 15, while USDA's national base hog price was not reported due to low volume. The weekly CFTC Commitment of Traders report showed managed money added 1,436 contracts to their net short position in the week of July 14, bringing the total net short to 30,438 contracts. USDA's pork carcass cutout value fell 73 cents to $103.68 in the Monday morning report, with only the belly and ham primals reported lower. Federally inspected hog slaughter for last week was estimated at 2.31 million head, down 54,000 head from the prior week and 23,497 head below the same week last year.
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Lean Hog Futures Close Lower Monday, Cash Prices Edge Higher
Lean hog futures settled Monday with contracts down 80 cents to $1.20, while the CME Lean Hog Index rose 34 cents to $92.69 on July 9. USDA's national base hog price gained 48 cents to $98.78, and the pork carcass cutout value added 21 cents to $101.55, with only rib and ham primals higher. Federally inspected hog slaughter reached 464,000 head, up 1,000 from the prior Monday but 2,705 below the same week last year. Open interest declined by 1,868 contracts.
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Lean Hog Futures Mixed as Managed Money Boosts Net Long Position
Lean hog futures ended Friday mixed, with contracts ranging from 27 cents lower to 40 cents higher. The CME Lean Hog Index slipped 9 cents to $90.07 on May 7, while the national average base hog negotiated price rose 45 cents to $94.47. Managed money increased its net long position in lean hog futures and options by 2,979 contracts as of May 6, bringing the total to 70,622 contracts. The FOB plant pork cutout value jumped $3.33 to $97.83 per hundredweight, with bellies the only primal reporting a decline. Federally inspected hog slaughter last week reached 2.437 million head, down 49,000 from the prior week but up 56,877 from a year ago.
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Lean Hog Futures Close Mixed, Pork Cutout Value Jumps $2.53
Lean hog futures closed mixed on Friday, with contracts ranging from 85 cents higher to 67 cents lower, while the pork carcass cutout value rose $2.53 to $101.34. The August contract gained 25 cents for the week, settling at $99.000, and the USDA national base hog price increased $1.25 to $98.30. The CME Lean Hog Index edged up 37 cents to $92.35, and all primal cuts were higher, led by a $8.45 surge in bellies. Managed money expanded its net short position by 1,635 contracts to 29,002 contracts in the week ended July 7, according to CFTC data. Federally inspected hog slaughter reached an estimated 2.369 million head this week, up 395,000 from the holiday-shortened prior week and 29,253 above the same week last year.
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LEANHOG.COMM▼
Kemen Food's Holding Subsidiary Sees June Hog Sales Volume Drop 14.92% Year-on-Year, Revenue Falls 47.95%
Kemen Food announced that in June 2026, its holding subsidiary Aksu Xingjiang Muge Food sold 50,100 hogs, down 18.02% month-on-month and 14.92% year-on-year. Sales revenue was 30.33 million yuan, down 11.84% month-on-month and 47.95% year-on-year. In the first half of 2026, Xingjiang Muge sold a total of 376,000 hogs, up 26.48% year-on-year, with cumulative sales revenue of 287 million yuan, down 12.90% year-on-year. The announcement noted that the year-on-year decline in June hog sales revenue was mainly due to falling hog prices.
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Lean Hog Futures Rise Friday After USDA Report
Lean hog futures closed $1 to $1.37 higher on Friday, with the October contract up $1.000 to $81.950, following the USDA's Hogs and Pigs report. The report showed June 1 hog inventory at 73.664 million head, down 0.04% from last year, with breeding stock down 1.16% and market hog inventory up just 0.05%, well below trade estimates of a 1.1% increase. Farrowing intentions for June through August are seen at 2.9 million head, down 2.19% from last year. The national base hog price was $93.44, down $1.85 from the prior day, while the pork carcass cutout value rose 15 cents to $95.37. Managed money increased its net short position in lean hog futures and options by 4,601 contracts to 25,560 as of June 23.
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