On Tuesday, July 10, lean hog futures experienced mixed results, with contracts fluctuating between a rise of 35 cents to a decline of 40 cents. The USDA reported the national base hog price at $98.56, reflecting a decrease of 22 cents from the previous day. Meanwhile, the CME Lean Hog Index rose 42 cents to $93.11.
The USDA’s pork carcass cutout value fell by 34 cents to $101.21. Notably, federally inspected hog slaughter for the day was estimated at 483,000 head, bringing the weekly total to 926,000, which is 16,000 head fewer than the previous week and 4,401 head below the same week last year.
Market closing prices included July 26 Hogs at $95.100 (up $0.325), August 26 Hogs at $98.450 (up $0.350), and October 26 Hogs at $84.375 (up $0.100).
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