Lean hog futures are steady to 75 cents higher so far on Tuesday. USDA’s national base hog price was reported at $101.32 on Tuesday morning. The CME Lean Hog Index was another 32 cents higher on July 24 at $98.23.
USDA’s pork carcass cutout value was up $1.30 in the Tuesday morning report, at $105.75. The butt and rib primals were the only reported lower. USDA estimated federally inspected hog slaughter for Monday was 442,000 head. That is 11,000 head above the Monday prior but 1,427 head shy of the same Monday last year.
Aug 26 Hogs are at $102.975, up $0.000,
Oct 26 Hogs are at $88.150, up $0.350
Dec 26 Hogs are at $79.275, up $0.725,
