Lean hog futures are slipping back 50 cents to $1.20 at midday, with October up 25 cents. USDA’s national base hog price was at $76.09 in the Tuesday PM report, down $2.43 from the day prior. The CME Lean Hog Index was down another 57 cents on October 2 at $79.63.
Census data converted to a carcass basis showed 515.88 million lbs of pork exported in August, down 4.6% from a year ago and 2.4% below last month.
