Lean hogs are mixed in late Friday morning futures trading, down 22 to up 37 cents. July futures (yesterday’s big gainer) took a big hit early, but are testing the intraday highs at midday. The CME Lean Hog Index was up 13 cents on June 4 at $92.06. USDA put the National Base Hog weighted average price at $86.63.
USDA’s National Pork Carcass Cutout Value was up $3.21 cents at $103.90 in the morning FOB plant report. Hams were the only primal in negative territory. Pork bellies were up $10.27 from Thursday’s AM number, and up $21.97 from June 4. USDA estimated federally inspected hog slaughter at 470,000 head on Thursday, with the WTD total at 1.916 million head. That compares to 1.852 million head a year ago.
Jun 24 Hogs are at $92.525, up $0.375,
Jul 24 Hogs are at $93.250, up $0.275
Aug 24 Hogs is at $91.600, down $0.075,
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