Put your rewritten headline here
Hogs Operate at $96.98 per CWT on Thursday, June Contracts Down 62 Cents
USDA’s national base hog price was reported at $93.64 on Thursday afternoon, down $1 from the previous day. The CME Lean Hog Index closed down 12 cents on May 26 at $90.58, reflecting modest bearish pressure across most contracts except for July’s $102.13 per cwt, which remained flat.
The USDA pork carcass cutout value rose 76 cents to $99.11 per cwt on Thursday’s PM report, with rib and belly primals experiencing declines. Federally inspected hog slaughter totaled 476,000 head on Thursday, bringing the weekly tally to 1.413 million head—a 24,837 head decrease compared to the same holiday week in the prior year.
Trading highlights included June hogs closing at $96.98 per cwt, July contracts holding steady at $102.13, and August futures rising slightly to $100.93 per cwt.
