Lean hog futures closed with most front months $1 to $1.30 higher on the session. Open interest was down 437 contracts on Tuesday. USDA’s national base hog price was tallied at $78.74 in the Tuesday PM report at $78.74. The CME Lean Hog Index was down another 55 cents on September 24 at $81.21.
USDA’s pork carcass cutout value was back down 3 cents in the Tuesday afternoon report, at $87.77. The loin, picnic, and ham primals were reported lower. Federally inspected hog slaughter for Tuesday was estimated at 493,000 head, with the weekly total at 977,000 head. That was 30,000 head above last week and 12,704 head larger than the same week last year.
