Lean hogs closed with contracts up $1 to $1.40 on Tuesday. The national average base hog price was reported at $77.79 on Tuesday afternoon, up $1.11 from the previous day. The CME Lean Hog Index was $84.01 on September 27, down 2 cents from the day prior.
Several ports along the East Coast have been shut down due to a strike by workers halting container traffic, likely impacting some pork shipments in the coming days.
USDA’s FOB plant pork cutout value up 47 cents in the Tuesday PM report at $96.31 per cwt. The loin, picnic, and rib were the primals reported lower, with the other primals up by a range of 56 cents to $2.76. USDA estimated FI hog slaughter for Tuesday at 486,000 head, with the weekly total at 971,000 head. That is up 5,000 head from the previous week and 285 head above the same week last year.
Oct 24 Hogs closed at $83.500, up $1.250,
Dec 24 Hogs closed at $74.600, up $1.325
Feb 25 Hogs closed at $78.575, up $1.200,
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