Lean hog futures experienced a mostly higher trade on Tuesday, with contracts rising between 12 and 32 cents. As of October 4, the CME Lean Hog Index stood at $84.26, a decrease of 57 cents from the previous day.
The USDA reported the FOB plant pork cutout value at $94.81 per cwt, down $1.24 from the day before. Additionally, Monday’s estimated federally inspected hog slaughter was 488,000 head, which is an increase of 3,000 from the previous Monday and 6,606 more than the same day last year.
For specific contracts, October 24 Hogs increased to $84.150 (up $0.175), December 24 Hogs to $77.150 (up $0.325), and February 25 Hogs to $80.725 (up $0.125).
