On Monday, July 25, lean hog futures decreased by $2.22 to $110.10, while August and October futures dropped to $107.50 and $92.40, respectively. The USDA reported a national base hog price increase of $3.79 to $111.88 and a CME Lean Hog Index of $112.02 on June 26, up by 13 cents.
The USDA’s afternoon report noted a decline in the FOB plant pork cutout value by $2.09 to $115.37, driven primarily by lower prices in rib and ham cuts. Federally inspected hog slaughter estimates reached 483,000 head on Monday, marking an increase of 24,000 head from the previous week and 5,404 head higher compared to the same week last year.
