On Monday, lean hog futures increased by 10 to 82 cents in the front months, while deferred contracts were steady to 27 cents lower. The USDA reported a national base hog price of $92.13, an increase of $1.85 from the previous day. The CME Lean Hog Index stood at $90.51, down 15 cents as of April 16.
The USDA’s pork carcass cutout value rose by $1.00, reaching $100.20 per cwt, with only the butt and rib primals showing lower values. Monday’s federally inspected hog slaughter was estimated at 492,000 head, unchanged from last week and 149,980 head higher than the same week last year.
Key futures for lean hogs included May 26 closing at $94.225 (up $0.825), June 26 at $101.725 (up $0.675), and July 26 at $104.000 (up $0.325).
