Lean hog futures are experiencing losses between 5 cents and $1 as of Tuesday morning. The USDA reported a national base hog price of $90.37, while the CME Lean Hog Index decreased by 42 cents to $90.76 on March 27.
Additionally, the USDA’s pork carcass cutout value decreased by $1.25 to $96.32 per hundredweight. The picnic and ham primals were the only cuts to see an increase. USDA estimated Monday’s federally inspected hog slaughter at 496,000 head, which is 4,000 head above last week and 35,989 head greater than the same week last year.
Current futures for April, May, and June lean hogs are at $90.425, $96.300, and $104.900, respectively, with declines of 5 cents, 82.5 cents, and 97.5 cents.
