Lean hog futures are trading with 90 cent to $1.30 losses across most contracts on Tuesday. Month end pressure may be a factor. USDA’s national base hog price from the Tuesday morning was up 47 cents from the day prior at $102.33. The CME Lean Hog Index was back down 5 cents on September 26 at $104.78.
USDA’s FOB plant pork cutout report from Tuesday morning was 2 cents higher at $112.24 per cwt. The rib and ham primals were the only reported higher. USDA estimated federally inspected hog slaughter at 490,000 head for Monday. That was steady with last week and 3,842 head above the same week last year.
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Oct 25 Hogs are at $100.250, down $0.900,
Dec 25 Hogs are at $89.050, down $1.300
Feb 26 Hogs is at $90.675, down $1.225,
