Lean hog futures closed on Thursday with a rise of 17 cents, reaching $1.20 per pound. The USDA reported a national base hog price of $104.43, a decrease of $1.24, while the CME Lean Hog Index held steady at $105.92 as of September 2.
In July, pork exports were recorded at 551.89 million lbs, marking the second-largest total for that month in history. Additionally, USDA’s FOB plant pork cutout report indicated a decline of $1.41, bringing the price to $113.32 per cwt. Thursday’s estimated hog slaughter was 489,000 head, totaling 1.461 million for the week, which is 7,196 head more than the same holiday week last year.
