Lean hog futures are up 60 cents to $1.50 so far on Tuesday. USDA’s national base hog price was reported at $109.06 in the Tuesday AM report, up $2.39 from the day prior. The CME Lean Hog Index was down 54 cents on August 22 at $107.27.
USDA’s FOB plant pork cutout report from Tuesday morning was down 22 cents at $113.95 per cwt. The picnic was the only primal reported lower, back down $12.95. USDA estimated hog slaughter for Monday at 455,000 head. That was 26,000 head below last week and down 20,636 head from the same Monday last year.
