Lean hog futures are extending their slide, with contracts down another 65 to 82 cents at midday. USDA’s national base hog price was at $74.46 in the Friday morning report, back up $1.92 from the day prior. The CME Lean Hog Index was down another 50 cents on October 7 at $78.41.
USDA’s pork carcass cutout value was up 54 cents in the Friday AM report, at $80.18. The loin and butt were the only primals reported lower. Federally inspected hog slaughter for Thursday was estimated at 493,000 head, with the week to date total at 1.975 million head. That was 42,000 head above last week and 28,537 head larger than the same week last year.
