Lean hog futures fell Wednesday, with nearby August contracts down $0.05, while other contracts declined by $0.87 to $1.125. The USDA reported the national base hog price at $114.35, an increase of $3.37 from the previous day. The CME Lean Hog Index stood at $109.56 on August 4, down $0.43.
The USDA’s FOB plant pork cutout report indicated a decrease of $2.05 at $116.07 per cwt, with the loin, picnic, and ham primals showing declines. Estimated hog slaughter reached 482,000 head for Tuesday, totaling 907,000 head for the week, which is 3,000 head lower than last week but 16,770 head higher than the same week last year.
