Lean hog futures are back up 40 to 50 cents in most front months on Tuesday, with August down a nickel. USDA’s national base hog price was up $8.76 from the on Tuesday AM report, at $114.30 this morning. The CME Lean Hog Index was up 11 cents at $110.41 on July 28.
USDA’s Wednesday AM FOB plant pork cutout value was 6 cents higher at $115.91 per cwt. The loin, butt, and ham primals were reported lower. USDA estimated hog slaughter at 460,000 head for Tuesday, with the week to date total at 902,000 head after a revised (18,000 head lower) Monday total. That was 21,000 head below last week and down 46,256 head from the same week last year.
