**Lean Hog Futures Show Mixed Trading on February 3**
Lean hog futures are trading steady to 20 cents higher on Friday, February 3, 2023. The USDA reported a national base hog price of $87.05. In related data, the CME Lean Hog Index increased by 2 cents to $86.38.
The USDA’s afternoon report indicated that the pork carcass cutout value dropped by 76 cents to $94.51 per cwt, with the butt experiencing the largest decline at $9.23. Additionally, USDA estimated that 450,000 hogs were federally inspected on Thursday, bringing the weekly total to 1.903 million head—38,000 head above the previous week but 26,824 head below the same week last year.
