Lean hog futures are trading with contracts up a nickel to 67 cents at midday. USDA’s national base hog price was down $5.85 from the day prior in the Tuesday AM report at $66.14. The CME Lean Hog Index was down another 79 cents on October 16 at $73.40.
USDA’s pork carcass cutout value was back up $1.17 in the Tuesday morning report, at $80.56. The picnic, ham, and belly primals were reported higher, revering from Monday. 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.
