Lean hog futures are mixed, with front months 5 to 17 cents higher and February down 47 cents. The national average base hog price was reported at $82.15 on Wednesday morning, down $2.07 on the day. The CME Lean Hog Index was $89.71 on August 19, down 24 cents from the previous day.
USDA’s FOB plant pork cutout value was up $2.15 the Wednesday AM report at $99.69 per cwt. The butt, rib, and ham primals were reported lower, with the belly leading the way to the upside, $14.58 higher. USDA estimated Tuesday’s FI hog slaughter at 482,000 head, taking the week to date total to 965,000 head. That is even with the previous week and 20,517 head larger than the same week last year.
Oct 24 Hogs are at $76.575, up $0.175,
Dec 24 Hogs are at $68.150, up $0.050
Feb 25 Hogs is at $71.750, down $0.475,
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