Livestock analyst Jim Wyckoff reviews on international pig information
18 July 2025
2 minute learn
August lean hog futures costs are trending decrease on the day by day bar chart and the bears have the near-term technical benefit.
Nonetheless, money hog and pork market fundamentals are stabilizing. The most recent CME lean hog index is up 1 cent at $107.20 as of July 15. Pork cutout worth rose 72 cents to $114.74 on Wednesday. Additionally, beneficial properties in cattle futures to report highs just lately are prone to restrict the worth draw back in hog and pork markets. Nonetheless, the hog futures bulls want to point out good energy quickly as a way to preserve the speculative bears from piling on and pushing costs decrease.
Weekly USDA US pork export gross sales
Pork: Internet gross sales of 17,100 MT for 2025 have been down 30 p.c from the earlier week and 48 p.c from the prior 4-week common. Will increase have been primarily for Mexico (7,700 MT, together with decreases of 1,000 MT), Japan (2,500 MT, together with decreases of 300 MT), Colombia (1,500 MT), Canada (1,100 MT, together with decreases of 200 MT), and China (1,000 MT, together with decreases of 100 MT). Exports of 26,500 MT have been down 12 p.c from the earlier week and 19 p.c from the prior 4-week common. The locations have been primarily to Mexico (12,400 MT), China (3,600 MT), Japan (3,300 MT), South Korea (2,300 MT), and Colombia (1,100 MT).
China to assist dairy, hog farmers management provides
China will modify dairy farm output capability in an “orderly method” and management new manufacturing, an official from the agriculture ministry mentioned, in a bid to spice up costs and assist dairy farmers. China has additionally supplied steerage to some prime hog breeders to cut back manufacturing.
China’s pork output rises in Q2 on slaughter beneficial properties
Greater effectivity, bigger herd drive modest manufacturing progress. China’s pork manufacturing rose 1.4% year-on-year within the second quarter of 2025 to 14.18 million metric tons (MMT), fueled by heavier slaughter weights and operational efficiencies. For the primary half of 2025, whole pork output climbed 1.3% to 30.2 MMT, as slaughter volumes reached 366.19 million hogs — up 0.6% from a yr earlier. In the meantime, China’s pig herd expanded to 424.47 million head on the finish of Q2, rising from 417.31 million in Q1.
The following week’s probably high-low worth buying and selling ranges:
August lean hog futures–$101.00 to $107.00 and with a sideways-lower bias
September soybean meal futures–$265.00 to $280.00, and with a sideways bias
December corn futures–$4.07 1/2 to $4.40 and a sideways-higher bias
Newest analytical day by day charts lean hog, soybean meal and corn futures
