Lean hog futures saw weakness on Wednesday, with contracts 7 to 65 cents lower across the board. USDA’s national base hog price was tallied at $77.72 in the Wednesday PM report, down $1.02 from the day prior. The CME Lean Hog Index was down another 27 cents on September 28 at $80.94.
USDA’s pork carcass cutout value fell $2.82 in the Wednesday afternoon report, at $84.95. All primals were reported lower. Federally inspected hog slaughter for Wednesday was estimated at 486,000 head, with the weekly total at 1.463 million head. That was 30,000 head above last week and 14,793 head larger than the same week last year.
