Lean hog futures experienced declines on Monday, with contract prices falling between 7 to 47 cents. The USDA reported the national base hog price at $91.93, an increase of $1.58 from the previous day, while the CME Lean Hog Index decreased by 9 cents to $91.95 as of March 19.
The USDA’s pork carcass cutout value rose by 40 cents to $99.60 per cwt, although the butt and ham were the only primals reporting lower prices. The estimated federally inspected hog slaughter for Monday was 492,000 head, which is 99,000 below the previous week but 20,985 above the same day last year.
