Lean hog futures are showing 20 to 30 cent gains at midday. USDA’s national base hog price was reported at $71.66 on Thursday morning afternoon, up $2.61 from the day prior. The CME Lean Hog Index was down another 19 cents on October 12 at $75.75.
USDA’s pork carcass cutout value was down another 72 cents in the Thursday AM report, at $78.73. The picnic and belly were higher. Federally inspected hog slaughter for Wednesday was estimated at 497,000 head, with the weekly total at 1.478 million head. That was 4,000 head below last week and 11,730 head larger than the same week last year.
