Lean hog futures were down 57 cents to $1.72 at Wednesday’s close. USDA’s national base hog price was reported at $94.59 on Wednesday afternoon, down 86 cents from the day prior. The CME Lean Hog Index was back up 7 cents on May 4 at $91.10.
USDA’s pork carcass cutout value from the Wednesday PM report was down 87 cents at $95.10 per cwt. The ham and belly primals were the only reported higher. USDA estimated federally inspected hog slaughter for Wednesday at 488,000 head, with the weekly total at 1.455 million head. That is down 6,000 head from the previous week but 17,778 head above the same week last year.
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May 26 Hogs closed at $91.700, down $1.100,
Jun 26 Hogs closed at $99.700, down $1.725
Jul 26 Hogs closed at $102.250, down $1.275,
