Lean hog futures remained stable at midday, with nearby contracts fluctuating by a dime. On January 13, the CME Lean Hog Index rose by 11 cents to $80.50. The USDA did not report its national base hog price on Friday morning due to low trading volume, and markets will be closed on Monday for Martin Luther King Jr. Day.
On January 13, the USDA’s pork carcass cutout value increased by 10 cents to $93.70 per cwt. Notably, the loin and belly cuts were the only ones reporting higher prices. The estimated federally inspected hog slaughter for Thursday stood at 492,000 head, bringing the total for the week to 1.973 million, which is 7,000 head above the previous week and 46,901 head higher than the same week last year.
