Lean hog futures posted 45 to 77 point gains across the front months on Tuesday. USDA’s national base hog report showed negotiated price was reported at $106.37, up $1.46 from the day prior. The CME Lean Hog Index was down 26 cents on August 28 at $106.17.
USDA’s FOB plant pork cutout report from Tuesday afternoon was down 20 cents at $114.12 per cwt. The loin, picnic, and belly were the primals reported lower. USDA estimated hog slaughter for Tuesday total at 489,000 head. That was 9,000 head above last Tuesday and up 2,078 head from the same Tuesday last year.
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Oct 25 Hogs closed at $95.550, up $0.525,
Dec 25 Hogs closed at $88.175, up $0.775
Feb 26 Hogs closed at $90.075, up $0.450,
