Lean hog futures were in rally mode to round out August trade, with gains of 95 cents to $1.85 at midday. USDA’s national base hog price was reported at $88.73 on Monday afternoon, down 84 cents from the day prior. The CME Lean Hog Index was down another 62 cents on August 27 at $91.52.
USDA’s pork carcass cutout value was back up $1.61 in the Monday PM report, at $97.67. The butt and ham were the only primals reported lower, with the belly up $7.98. USDA estimated federally inspected hog slaughter for Monday at 476,000. That is 7,000 head above the previous Monday.
