Lean hog futures are trading with mixed action on Friday, as contracts are up 55 cents to 7 cents lower. USDA’s national base hog price had a weighted average of $106.41 on Thursday afternoon, down $3.19 from Thursday. The CME Lean Hog Index was up 43 cents at $107.63 on July 16.
USDA’s FOB plant pork cutout value for Friday morning was $2.23 higher at $118.55 per cwt. All primals were reported higher, with the rib leading the way up $6.11. Thursday’s USDA estimated hog slaughter was 473,000 head, taking the weekly total to 1.870 million head. That was 21,000 head below last week and 38,059 head lower than the same week last year.
Aug 25 Hogs are at $106.325, up $0.500,
Oct 25 Hogs are at $90.525, down $0.075
Dec 25 Hogs is at $82.875, up $0.550,
