Lean hog futures experienced mixed trading on Tuesday, with June contracts increasing by 37 cents to close at $96.125, while July and August contracts fell by 27.5 cents and $1.025, respectively. Due to low trading volume, the USDA did not report the national base hog price for the afternoon. The CME Lean Hog Index decreased by 19 cents to $90.88 as of May 21.
Additionally, the USDA reported a rise in the pork carcass cutout value, which increased by $2.59 to reach $98.85 per cwt. The only primal reported to decrease was the loin. USDA estimated the total federally inspected hog slaughter for Tuesday at 468,000 head, bringing the weekly total to 469,000, marking a decline of 14,576 from the same week last year.
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