Lean hog futures are posting losses of $1.25 to $1.40 across most contracts, with October down a nickel ahead of expiration. USDA’s national base hog price was reported at $69.05 on Wednesday morning, down $2.31 from the day prior. The CME Lean Hog Index was down another 57 cents on October 12 at $75.94.
USDA’s pork carcass cutout value was back up 59 cents in the Wednesday AM report, at $81.27. The butt and ham were the only primals reported higher. Federally inspected hog slaughter for Tuesday was estimated at 496,000 head, with the weekly total at 981,000 head after a revision for Monday. That was 6,000 head below last week and 8,602 head larger than the same week last year.
