**Lean Hog Futures Decline Amid Market Pressure**
On Friday, lean hog futures fell by $1 to $1.60 in the nearby contracts, with the national average base hog price dropping $2.51 to $82.60. The CME Lean Hog Index rose slightly to $90.20 as of August 14, an increase of 2 cents from the previous day. The USDA reported a FOB plant pork cutout value of $98.92 per cwt, down 95 cents, while the week’s estimated hog slaughter reached 1.925 million head, which is 82,000 head above the previous week and 33,270 head more than the same week last year.
**Vice President Harris to Announce Economic Agenda**
Later today, Vice President Kamala Harris is expected to unveil her economic agenda, which will reportedly include a proposal to ban price gouging at grocery stores. This announcement comes amid increasing concerns over food prices and inflation.
