On Wednesday, July 26, lean hog futures are experiencing weakness of 55 to 65 cents for the front month, while some back months remain steady to 20 cents higher. The USDA reported a national base hog price of $97.16, an increase of 11 cents from the previous day. In contrast, the CME Lean Hog Index declined by 17 cents to $91.24 as of June 29.
The USDA’s pork carcass cutout value increased by 48 cents to $95.97, with higher prices noted for the loin, rib, and ham primals. The estimated federally inspected hog slaughter for Tuesday was 479,000 head, bringing the week-to-date total to 931,000, which is 11,000 head lower than the previous week and 8,161 head below the same week last year.
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