US Hog Market Review Week 27, July 7, 2025

Lower hog and cash pork prices have weighed on hog futures this week, and the market has "officially set a seasonal high," said Rich Nelson, chief strategist at Allendale Inc.

CME August lean pork futures fell 1,800 cents to 106,100 cents a pound after hitting their lowest since June 3. The heavily traded contract is down 3.8% for the week, its second straight weekly decline.

Hog carcass prices fell for a seventh straight session, down $1.25 in Thursday morning's update to $109.50 a hundredweight, according to the U.S. Department of Agriculture (USDA).

The weekly EXPORT sales report showed that only 27,130 tonnes of pork were sold in the week ending June 26, a 3-week low. Mexico was the largest buyer with 15,200 tonnes, of which 4,300 tonnes were sold to Japan. Shipments were counted at a 4-week low of 30,068 tonnes. The top destination was Mexico with 12,000 tonnes, of which 4,300 tonnes were sent to CHINA .

USDA FOB plant pork fell another 54 cents to $110.21 Thursday afternoon. Hams and picnic prime pork were the only items to show gains. USDA estimates Thursday's hog slaughter was 407,000 HEAD, bringing the weekly total to 1.821 million head. That's down 66,000 head from last week and up 393,922 head from the same week last year.

Probable high and low price ranges for next week:

August Lean Pork Futures $105.00 to $110.00

September Soybean Meal Futures $265.00 to $285.00

December Corn Futures - $4.10-$4.30

You can learn more about the state of the pig market in the usa, as well as about the prices of pigs and pork on the American (and other) market in the weekly reviews of the MEAT market in RUSSIA and in the world from Meatinfo.ru.

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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 from the day before

-sales volume

106.00-113.50

110.21

-1.85

2764

No data

Iowa/Minnesota LM_HG206:

- weighted average price

110.59 (-0.92)

No data

Western Corn Belt LM_HG212:

- weighted average price

110.82 (-1.24)

No data

Eastern Corn Belt LM_HG210:

- weighted average price

No data

No data

Weekly approximate volume of pig slaughter, thousand heads