Lean hog futures hit contract high, strong consumer demand, rising cash hog prices, positive.

From Yahoo Finance: 2025-06-30 15:00:00

August lean hog futures hit a contract high of $113.375, but saw profit-taking late last week. The U.S. hog inventory on June 1 was 75.1 million head, up 1% from the previous quarter. Despite the larger hog herd, pork cutout values are at a three-year high, indicating strong consumer demand.

The CME Lean Hog Index is at $111.89, up 48 cents, and pork cutout value declined to $117.46. With pork production nearing a seasonal low, cash hog prices are rising. However, the end of outdoor grilling season and declining cash cattle prices may negatively impact the market.

Bacon, lettuce, and tomato season is starting soon, boosting pork cutout values. Stock index futures hit record highs after the ceasefire between Israel and Iran eased tensions. Speculative commodity market bulls will drive lean hog futures, but risk aversion could end the bull market.

Author Jim Wyckoff did not have any positions in mentioned securities. Information is for informational purposes only. Original article published on Barchart.com.



Read more at Yahoo Finance: Lean Hog Futures Warn of a Market Top, But Can Burgers and BLTs Save the Day?