On Tuesday, lean hog futures showed mixed results, with October futures rising slightly by $0.025 to close at $90.150, while December and February futures fell by $0.475 and $0.450, respectively. The USDA reported the national base hog price at $109.66, an increase of $1.96 from the previous day, while the CME Lean Hog Index declined by 22 cents to $109.58 on August 15.
The USDA’s FOB plant pork cutout value also decreased by $3.95 to $112.41 per cwt, with some cuts like rib and butt increasing in price. Estimated hog slaughter for Tuesday stood at 477,000 head, bringing the weekly total to 958,000, which is down 4,000 from last week and 9,797 from the same week last year.
