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On Friday, lean hog futures rose between 87 cents and $1.10, with the USDA reporting a national base hog price of $100.88, down $4.94. The CME Lean Hog Index showed a slight increase to $105.97 as of September 3.
Export Sales Data indicated pork bookings fell to 23,711 MT for the week ending August 28, while shipments increased to 26,570 MT. Additionally, the USDA reported Friday’s FOB plant pork cutout value at $115.92 per cwt, an increase of $2.60. Estimated hog slaughter for Thursday was 489,000 head, totaling 1.461 million for the week, which is 7,196 head higher than the same holiday week last year.
Current futures were reported as follows: Oct 25 Hogs at $96.000 (up $0.975), Dec 25 Hogs at $88.400 (up $1.100), and Feb 26 Hogs at $90.375 (up $0.875).
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