Lean hog futures declined on Tuesday, August 25, with losses ranging from $1.27 to $2.15 across most contracts. The USDA reported the national base hog price increased by 79 cents to $112.14, while the CME Lean Hog Index rose 2 cents to $110.30 on July 25.
The USDA’s afternoon PM FOB plant pork cutout value dropped $2.44 to $115.85 per cwt, with only ham values increasing. Estimated hog slaughter was 460,000 head on Tuesday, bringing the week-to-date total to 902,000 head, which is 21,000 head lower than last week and down 46,256 head compared to the same week last year.
Specific contract closes included: Aug 25 Hogs at $107.250 (down $1.275), Oct 25 Hogs at $88.725 (down $2.150), and Dec 25 Hogs at $80.800 (down $2.100).
