Lean hogs posted gains 12 to 90 cent across the nearby contracts on Wednesday. The USDA National Base Hog price was reported at $85.30 in the Wednesday afternoon summary, up 95 cents. The CME Lean Hog Index was $90.08 on July 22, up 28 cents from the previous day.
USDA showed a firmer tone for the FOB plant pork cutout values this afternoon, with the average carcass quote up $1.26 at $104.76 per hundred pounds. That gain is coming from loins, bellies, picnics, and hams with the other primals in negative territory for the day. USDA estimated Wednesday’s FI hog slaughter at 479,000 head, with the WTD total at 1.413 million head. That is down 21,000 head from last year and 16,962 head above year ago.
Aug 24 Hogs closed at $93.775, up $0.125,
Oct 24 Hogs closed at $78.025, up $0.900
Dec 24 Hogs closed at $70.200, up $0.775,
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