Lean hog futures posted gains across the front months on Monday, as contracts were up 45 cents to $1.10. USDA’s national base hog price was reported at $108.25 on Monday afternoon, up $1.52. The CME Lean Hog Index was up 15 cents at $110.25 on August 7.
USDA’s FOB plant pork cutout report from Monday PM was up $1.69 at $119.09 per cwt. The rib and ham were reported weaker, with the rest higher, led by the belly, up $8.52. USDA estimated hog slaughter at 482,000 head for Monday. That was 57,000 head above last week but down 2,430 head from the same week last year.
