US Hog Market Review for Week 22, June 2, 2025

The CME Lean Hog ​​Index, a two-day weighted average of spot prices, rose 0.47 cents to 93.52 cents a pound.

Lean pork futures rose on Friday, as contracts rose $1.30 to $2.00. June futures rose $3.02 last week. The national average basic pork contract price settled at $95.40 on Friday afternoon, down $3.55 from the previous day. The CME Lean Hog ​​Index rose 61 cents on May 28 to $94.13.

Pork EXPORT sales totaled 30,490 tons, down from the previous week. Mexico was the largest buyer, purchasing 14,100 tons, while 6,500 tons were shipped to SOUTH KOREA.   

 The price of free on board pork was $107.22 on Friday, up $2.60. The only decline was a drop in ham prices. According to federal estimates, hog slaughter this week totaled 2.163 million HEAD, 790 head more than during the same holiday week last year.

The USDA estimated pork inventories in cold storage at 455.8 million pounds, up 46.3 million pounds from March. This is more than double the five-year average increase of 21.7 million pounds, although part of this was due to a downward revision of 12.8 million pounds to March inventories. However, pork inventories have declined by 43.5 million pounds (8.7%) since April 2024 and by 92.5 million pounds (16.9%) compared to the five-year average.

Probable high and low price ranges for next week:

June lean pork futures - $97.75 to $101.975 with sideways bias

July soybean meal futures are trading sideways between $289.70 and $308.10

July corn futures - $4.50 to $4.70, sideways

For more information on the state of the US hog market, as well as on hog and pork prices in the US (and elsewhere), please see Meatinfo.ru's weekly MEAT market reviews in RUSSIA and around the world.

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Average price of pigs

Negotiable price

Price in slaughter weight

Price in live weight

On a national basis LM_HG203:

-price range ($)

- weighted average price

-Change compared to the previous day

-sales volume

88.00-103.00

95.40

-3.55

2859

71.50-78.10

77.01

585

Iowa/Minnesota LM_HG206:

- weighted average price

96.45 (-3.83)

No data

Western Corn Belt LM_HG212:

- weighted average price

96.91 (-3.67)

No data

Eastern Corn Belt LM_HG210:

- weighted average price

No data

No data

WEEKLY WEIGHTED AVERAGE PRICE OF PIGS

Weekly estimated pig slaughter volume, thousand heads

PORK PRODUCTION