Lean hog futures are mixed at midday on Tuesday with contracts within 65 cents of unchanged. July expires today. USDA’s national base hog price was reported at $110.36 on Tuesday morning. The CME Lean Hog Index was back up 15 cents at $107.25 on July 11.
USDA’s FOB plant pork cutout value from Tuesday morning was 43 cents higher at $114.28. The butt and rim primals were reported lower, with the other 4 reported higher. Monday’s estimated hog slaughter was 477,000 head according to the USDA. That was 1,000 head below last Monday and 2,067 head above last year.
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Jul 25 Hogs are at $106.900, up $0.200,
Aug 25 Hogs are at $103.775, up $0.550
Oct 25 Hogs is at $87.050, down $0.625,
