Lean hog futures settled the Monday session with contracts 82 cents to $1.10 higher. USDA’s national base hog price was not reported on Monday afternoon due to light volume. The CME Lean Hog Index was down 11 cents at $110.26 on July 31.
USDA’s FOB plant pork cutout report from Monday PM was back up 85 cents at $117.79 per cwt. The butt and loin primals were the only reported lower, with the ham leading the charge higher, up $5.18. USDA estimated hog slaughter at 425,000 head for Monday. That was 17,000 head below last week but up 15,789 head from the same week last year.
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Aug 25 Hogs closed at $108.175, up $0.825,
Oct 25 Hogs closed at $90.900, up $0.850
Dec 25 Hogs closed at $83.450, up $1.100,
