Lean hog futures saw losses of 7 to 82 cents across the board on Monday. Open interest was down 12,529 contracts on Monday. USDA’s national base hog price was reported at $69.60 on Monday afternoon, up $2.51 from the day prior. The CME Lean Hog Index was down another 90 cents on October 15 at $74.19.
USDA’s pork carcass cutout value was back down $1.16 in the Monday PM report, at $79.39. The picnic, ham, and belly primals were reported lower. Federally inspected hog slaughter for Monday was estimated at 495,000 head. That is 10,000 head above last week and 7,324 head above the same week last year.
