On Friday, lean hog futures showed mixed trading results; nearby contracts increased by 10 to 50 cents, while others weakened. The USDA reported the national average base hog negotiated price at $104.05, down $1.14 from the previous day. The CME Lean Hog Index increased by 84 cents to $101.75 as of June 11.
Additionally, the USDA’s FOB plant pork cutout value rose by $2.93 to $117.43. Only the butt primal saw a decline. Federally inspected hog slaughter for Thursday was estimated at 480,000 head, contributing to a weekly total of 1.920 million head, which is 17,000 more than last week and 34,524 more than the same week last year.
