Lean hog futures are posting mixed action on Wednesday, with contracts up 15 cents to 45 cents lower. USDA’s national base hog report from Wednesday morning was reported at $106.25, up 28 cents from the day prior. The CME Lean Hog Index was down 14 cents on September 15 at $106.00.
USDA’s FOB plant pork cutout report from Wednesday morning saw prices up 46 cents at $112.74 per cwt. The ham and belly primals were the only reported lower. USDA estimated federally inspected hog slaughter for Tuesday at 488,000 head, taking the weekly total to 978,000 head. That is 8,000 head larger than last week and 26,610 head above the same week last year.
