Lean hog futures were down 17 cents in the nearby August contract, as other months were up 27 to 65 cents. USDA’s national base hog price had a weighted average of $111.35 in the Monday PM report, up $1.08 from the previous report. The CME Lean Hog Index was up 33 cents at $110.28 on July 24.
USDA’s Monday afternoon FOB plant pork cutout value was $0.57 lower at $118.29 per cwt. All primals except the butt were reported higher, led by a $7.64 gain in the belly. USDA estimated hog slaughter at 460,000 head for Monday. That was 13,000 head above last week but down 12,061 head from the same week last year.
