All hog contracts out through August ended Tuesday with gains of up to 90 cents, while the fourth quarter deliveries settled weaker. USDA’s National Average Base Hog price was up $7.45 at 93.77 in the Tuesday afternoon report. The CME Lean Hog Index was another 64 cents higher at $87.05 on April 5.
USDA’s National Pork Carcass Cutout Value was 38 cents higher in the Tuesday afternoon print, at $100.71. Most primals were higher, with the rib (-$3.94) and belly (-$0.75) reported lower. USDA estimated Tuesday’s federally inspected hog slaughter at 480,000 head, bringing the weekly total to 946,000 head after a revision to Monday. That is 99,000 head above last week and a 113,343 head increase from the same week last year.
Apr 24 Hogs closed at $90.600, up $0.850,
May 24 Hogs closed at $98.775, up $0.900
Apr 24 Pork Cutout closed at $100.725, up $0.775,
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