**Lean Hog Futures Update**
On Tuesday, lean hog futures saw losses ranging from 35 cents to $1.60, with nearby July futures increasing by 10 cents. The open interest declined by 1,476 contracts, while the USDA reported the national base hog price at $96.42. The CME Lean Hog Index also decreased by 12 cents, settling at $91.55 as of July 2.
In the same report, USDA indicated that the pork carcass cutout value rose by $1.66 to $97.91, with notable increases in the loin, ham, and belly, the latter up $8.65. Federal inspections estimated a slaughter of 479,000 hogs on Tuesday, totaling 942,000 for the week, which is an increase of 24,000 compared to the previous week and 3,884 more than the same week last year.
As of July 26, hog futures closed with July at $93.450 (up $0.100), August at $96.925 (down $1.600), and October at $81.650 (down $0.925).
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