On Monday, Lean hog futures closed steady to 15 cents lower, with USDA’s national base hog price rising to $91.87, an increase of $1.49 from the previous day. The CME Lean Hog Index was reported at $89.44, up 32 cents as of February 26. Additionally, the USDA’s pork carcass cutout value increased by 73 cents to $98.50 per cwt, while the ham primal was the only cut that saw a decrease.
USDA estimated the federally inspected hog slaughter for the day at 482,000 head, which is 5,000 head higher than the previous week but 1,434 head lower than the same week last year. In the futures market, April hogs closed at $95.575, down $0.150, May hogs at $100.025, down $0.100, and June hogs at $109.475, down $0.075.
