Lean hog futures were up $1.12 to $1.85 in the nearby contracts on Tuesday, with other contracts 47 cents to $1.17 higher. The national average base hog price was reported at $77.33 on Tuesday afternoon, up 37 cents from the previous day. The CME Lean Hog Index was $84.38 on September 13, down another 49 cents from the day prior.
USDA’s FOB plant pork cutout value was up 78 cents in the Tuesday PM report at $95.00 per cwt. The ham and belly were the only primals reported higher, up $3.66 and $3.33 respectively. USDA estimated FI hog slaughter at 474,000 head for Tuesday, with the weekly total at 949,000 head. That is down 21,000 head from the previous week on a Monday revision and 22,094 head below the same week last year.
Oct 24 Hogs closed at $81.775, up $1.850,
Dec 24 Hogs closed at $73.700, up $1.525
Feb 25 Hogs closed at $76.800, up $1.125,
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