On Wednesday, lean hog futures rose by 45 cents to $1.05, although June futures dropped 25 cents. The USDA reported a national average base hog negotiated price of $103.05, an increase of $4.21 from the previous day, while the CME Lean Hog Index went up 44 cents to $96.34.
The USDA’s FOB plant pork cutout value was $106.62, a rise of 51 cents, with only the ham, belly, and picnic primals reporting increases. Federally inspected hog slaughter for the day was estimated at 483,000 head, bringing the weekly total to 1.423 million, which is down 14,019 head compared to the same week last year.
