Lean hog futures are trading with contracts up 32 to 65 cents across most contracts. USDA’s national base hog price was back down $2.72 from the previous day, at $109.10 on Thursday afternoon. The CME Lean Hog Index was down 14 cents at $110.37 on July 30.
USDA’s FOB plant pork cutout report from Friday morning was back up $3.44 at $117.44 per cwt. The ham and butt primals were the only reported lower with the belly leading the charge higher, up $9.48. USDA estimated hog slaughter at 479,000 head for Thursday, with the week to date total at 1.859 million head after a revised Wednesday total (8,000 head lower). That was 2,000 head below last week and down 45,418 head from the same week last year.
