Lean hog futures experienced mixed trading on Friday, with June futures decreasing by 25 cents to $92.525, while July futures rose by 80 cents to $97.425. The USDA reported a national base hog price of $94.26, down $3.34 from the previous day. The CME Lean Hog Index was marginally lower at $92.90 as of June 10.
In the USDA’s latest pork carcass cutout value report, prices decreased by $3.31, landing at $97.78 per cwt, although all primals showed increases, with the butt rising by $11.12. The estimated federally inspected hog slaughter for Thursday was 485,000 head, contributing to a week-to-date total of 1.884 million head, reflecting a decline of 25,000 head from the prior week and 28,850 head lower compared to the same week last year.
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