Lean hog futures were mixed on the Tuesday session, wi0ht contracts down $1.37 to 55 cents higher. Open interest was up 7,065 contracts, suggesting new selling interest. USDA’s national base hog price was at $75.74 in the Tuesday PM report, down $1.07 from the day prior. The CME Lean Hog Index was down another 57 cents on October 2 at $79.63.
Census data converted to a carcass basis showed 515.88 million lbs of pork exported in August, down 4.6% from a year ago and 2.4% below last month.
