On Wednesday, lean hog futures increased by $1.6 to $2.05, with August futures rising by $0.05, as the USDA reported the national base hog price at $100.70—up $3.83 from the previous day. The CME Lean Hog Index also saw a rise of 76 cents, reaching $93.87 on July 13.
The USDA reported the pork carcass cutout value at $101.48, an increase of 27 cents, with higher prices noted for rib, picnic, and belly primals. Estimated federally inspected hog slaughter on Tuesday was 483,000 head, bringing the weekly total to 926,000 head—16,000 head lower than the previous week and 4,401 head lower than the same week last year.
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