Lean hog futures closed with contracts 22 cents to $1.05 higher on Monday. Open interest was down 1,827 contracts on Monday. USDA’s national base hog price was reported at $71.02 on Monday morning, down $3.24 from the day prior. The CME Lean Hog Index was down another 80 cents on October 8 at $77.61.
USDA’s pork carcass cutout value was up $2.47 in the Friday PM report, at $82.97. The rib was the only primal reported lower. Federally inspected hog slaughter for Monday was estimated at 498,000 head. That was 5,000 head above last Monday and 18,030 head larger than the same week last year.
