June hog futures have the near-term technical advantage as a bull flag pattern has formed on the daily bar chart. Soaring cattle futures prices are also friendly for hog markets. June lean hog futures are at around an $8.00 premium to the CME lean hog index quote, which is $90.77 as of May 13. That suggests hog futures traders anticipate a steady rise in the cash index over the next month as slaughter levels decrease seasonally. My bias is that the hog futures and pork prices will continue to rise in the coming weeks.
Latest USDA and other news regarding the global pork industry
Weekly USDA pork export sales
Pork: Net sales of 24,600 MT for 2025 were up 2 percent from the previous week and 16 percent from the prior 4-week average. Increases were primarily for Mexico (10,600 MT, including decreases of 200 MT), Japan (3,500 MT, including decreases of 200 MT), Canada (2,800 MT), Colombia (2,300 MT, including decreases of 100 MT), and Chile (1,000 MT). Exports of 26,500 MT were up 4 percent from the previous week, but down 3 percent from the prior 4-week average. The destinations were primarily to Mexico (12,000 MT), Japan (4,100 MT), South Korea (3,100 MT), Colombia (1,800 MT), and Canada (1,300 MT).
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