Lean hog futures closed mixed on Tuesday, with front months up 52 to 80 cents and deferred contracts steady to 42 cents lower. USDA’s national base hog price was down $3.66 from the day prior in the Tuesday PM report at $65.94. The CME Lean Hog Index was down another 79 cents on October 16 at $73.40.
USDA’s pork carcass cutout value was back down 86 cents in the Tuesday afternoon report, at $78.53. The picnic and belly primals were the only reported higher. Federally inspected hog slaughter for Tuesday was estimated at 493,000 head, with the weekly total at 969,000 head. That is 12,000 head below last week and 825 head shy of the same week last year, as Monday was revised 19,000 head lower.
