**Lean Hog Futures Decline on Friday Amid Pseudorabies Case**
Lean hog futures experienced significant drops on Friday, with declines ranging from 45 cents to $1.60 by midday. The USDA reported a national base hog price of $92.51, down 92 cents from the previous day, while the CME Lean Hog Index increased by 10 cents to $91.41 as of April 28.
In a concerning development, the USDA’s APHIS confirmed cases of pseudorabies in a small commercial hog herd in Iowa on Thursday, marking the first case since 2004. The infected boars were traced back to a facility in Texas. Additionally, the USDA’s pork carcass cutout value rose to $100.25 per cwt, a gain of $3.49 from the morning report, with an estimated 479,000 hogs slaughtered federally on Thursday, bringing the week’s total to 1.94 million, 13,000 less than the previous week but 5,089 more than the same week last year.
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