June live hog futures tested a new two-month high at 94.35 cents, buoyed by lower slaughter rates and increased Asian buying interest. Analysts highlight that pork belly prices are turning higher, often a leading indicator of broader hog market rallies. The 2025 grilling season ended in early September, so it was no surprise that the start of the offseason for demand sent live and feeder cattle prices lower. However, beef futures remain near record-high levels, despite the monthly decline. Lean hogs rallied by just over 5% in September. Sign up for the latest news, product highlights, economic insights and more subscriptions, tailored to your trading interests, delivered straight to your inbox. April live hog futures closed at 87.85 cents following gains in cutout pork values. USDA export flash sales to South Korea added unexpected bullish momentum. Traders are monitoring hog weight trends heading into late spring.