Lean hog futures posted Tuesday gains of 32 to 62 cents at the close. USDA’s national base hog price was reported at $99.65 on Tuesday afternoon, up 20 cents from the day prior. The CME Lean Hog Index was down 55 cents on July 31 at $97.68.
Pork exports converted from Census data to a carcass basis showed June shipments a 540.19 million lbs. That was a 3.2% drop from last year and 10.3% below May.
