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August lean hog futures set a contract high of $113.375 on June 17 but then fell to a three-week low after a profit-taking setback. The USDA June Hogs and Pigs report showed a larger-than-expected 75.1 million head inventory on June 1.
A bigger-than-expected hog inventory signals greater future pork supply, which weighs on hog prices and suggests lower demand for feed later in the year.
barchart.comJim WyckoffJun 30, 2025After 159 past bearish report events, Lean Hogs moved a median -0.2% over 5 sessions (47% higher; middle half -2.2% to +1.3%), and +1.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
