Lean hog futures are trading with contracts up a dime to down a nickel in the front months on Tuesday’s midday. USDA’s national base hog price was reported at $89.64 on Tuesday morning, up 99 cents from the day prior. The CME Lean Hog Index was down another 66 cents on August 28 at $90.86.
USDA’s pork carcass cutout value was back up a penny in the Tuesday AM report, at $97.68. The loin, picnic, and belly were the primals reported lower. USDA estimated federally inspected hog slaughter for Monday at 476,000. That is 7,000 head above the previous Monday.
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Oct 26 Hogs are at $83.750, up $0.075,
Dec 26 Hogs are at $74.250, up $0.100
Feb 27 Hogs are at $76.475, down $0.050,
