Lean hog futures closed lower on Tuesday, July 25, with contracts falling between $1.22 and $2.10. The USDA reported a national base hog price of $111.49, an increase of $2.14 from the previous day. The CME Lean Hog Index rose 77 cents to $109.55 on June 20.
The USDA’s FOB plant pork cutout value decreased by $1.55 to $121.56, with only the picnic and rib cuts reporting increases. The estimated federally inspected hog slaughter for Tuesday was 477,000 head, bringing the weekly total to 936,000 head—down 22,000 head from last week and 5,630 head lower than the same week last year.
