Lean hog futures were under pressure on Monday, with contracts closing 27 cents to $1.22 lower. USDA’s national base hog price was not reported on Monday afternoon due to low volume. The CME Lean Hog Index was 19 cents higher on Feb 4 at $86.57.
USDA’s pork carcass cutout value from Monday afternoon report was $2.06 higher at $95.83 per cwt. The ham was the only primal reported lower, with the butt up $6.46. USDA estimated federally inspected hog slaughter for Monday at 490,000 head. That was 46,000 head above last week and 859 head above the same week last year.
