Lean hog futures saw losses of $1.27 to $2.15 across most contracts on Tuesday. USDA’s national base hog price was up 79 cents on Tuesday afternoon, at $112.14. The CME Lean Hog Index was up 2 cents at $110.30 on July 25.
USDA’s Tuesday PM FOB plant pork cutout value was $2.44 lower at $115.85 per cwt. The ham was the only primal reported higher, with the belly down $7.95. USDA estimated hog slaughter at 460,000 head for Tuesday, with the week to date total at 902,000 head after a revised (18,000 head lower) Monday total. That was 21,000 head below last week and down 46,256 head from the same week last year.
