Lean hog futures showed mixed results on Wednesday, with contracts fluctuating between a decrease of 40 cents and an increase of 55 cents. The USDA reported the national base hog price at $89.83, a decline of $1.90 from the previous day. The CME Lean Hog Index rose 14 cents, reaching $90.51 as of April 20.
The USDA’s pork carcass cutout value increased by 26 cents, now at $99.08 per hundredweight. On Tuesday, the federally inspected hog slaughter was estimated at 496,000 head, bringing the total for the week to 988,000 head, which is up 5,000 from the prior week and 153,637 more than the same week last year.
As for specific hog futures, May 26 hogs are priced at $95.00 (down $0.40), June 26 hogs at $102.85 (down $0.35), and July 26 hogs at $105.775 (up $0.55).
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