**Lean Hog Futures Trading Update – July 25, 2023**
Lean hog futures are experiencing a decline, with front months down between 57 cents and $1.37 on Tuesday, while October futures increased by five cents. The USDA reported a national base hog price of $109.28, down $3.23. The CME Lean Hog Index also fell by 26 cents, settling at $111.76 as of June 27.
Additionally, the USDA announced a FOB plant pork cutout value of $113.09, decreasing by $2.28. While the rib and ham saw some recovery, four other categories recorded lower values. Federally inspected hog slaughter for Monday was estimated at 483,000 head, up by 24,000 from the previous week and 5,404 more than the same week last year.
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