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August lean hogs fell 55 cents to $106.95 after a four-week low, with the CME lean hog index down to $111.76. Pork cutout fell $2.28 and USDA's Hogs & Pigs report was seen as bearish.
Cattle futures also declined, and USDA moved to allow Mexican cattle imports to resume.
Weaker cash hog prices and cutout values reduce hog margins and feed demand, while resumed Mexican cattle imports add cattle supply that adds bearish pressure across livestock.
profarmer.comPro Farmer EditorsJul 1, 2025Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
Dated on the move day, it reports USDA allowing Mexican cattle imports to resume and cattle futures declining, a supply-increase signal that plausibly triggered the sharp one-day drop.
On the window's end date, USDA's move to let Mexican cattle imports resume, together with declining cattle futures, points to expected supply returning and sentiment turning bearish.
Reports that cattle futures declined as USDA moved to resume Mexican imports tie the price drop directly to the trade-policy news.
