Lean hog futures were 32 cents to $1.20 higher across the board on Tuesday. Open interest was down 3,564 contracts on Tuesday. USDA’s national base hog price was $79.90 in the Tuesday PM report, down 45 cents from the day prior. The CME Lean Hog Index was down another 60 cents on September 18 at $83.42.
USDA’s pork carcass cutout value was back down 92 cents in the Tuesday afternoon report, at $87.99. The loin, belly, and rib were the primals reported lower. Federally inspected hog slaughter for Tuesday was estimated at 491,000 head, with the weekly total at 956,000 head. That was 14,000 head below last week on a revision to Monday, and 6,606 head shy of the same week last year.
