Lean hog futures saw some strength on Monday, with contracts up 20 to 40 cents in the front months. USDA’s national base hog price was reported at $105.67 in the Monday PM report, down $1.99 from the day prior. The CME Lean Hog Index was down 48 cents at $107.84 on August 21.
USDA’s FOB plant pork cutout report from Monday morning was up $1.28 at $114.17 per cwt. The rib and belly were the only primals reported lower, with the picnic up $7.36. USDA estimated hog slaughter for Monday at 455,000 head. That was 26,000 head below last week and down 20,636 head from the same Monday last year.
