Lean hog futures fell to 60 cents in nearby contracts on Friday, with the USDA’s national base hog price reported at $89.39, a decrease of 51 cents from the prior day. The CME Lean Hog Index also dropped by a penny to $90.29.
USDA’s pork carcass cutout value increased by $1.65 to $99.03 per cwt, although the belly primal was the only segment that reported a decline. The estimated federally inspected hog slaughter for Thursday was 495,000 head, bringing the weekly total to 1.848 million head, which is 117,000 head lower than the previous week and 100,231 head below the same week last year.
