Lean hog futures were up 10 to 87 cents at the Monday close. USDA’s national base hog price had a weighted average of $110.47 this afternoon, up $4.92 from the previous report. The CME Lean Hog Index was up 30 cents at $107.93 on July 17.
USDA’s FOB plant pork cutout value for Monday afternoon was $1.73 higher at $119.52 per cwt. The rib was up $1.67, with the ham ($4.31) and Belly ($5.23) leading the charge. USDA estimated hog slaughter at 458,000 head for Monday. That was 9,000 head below last week but up 3,143 from the same week last year.
