Lean hog futures gained 15 cents to $1.20 in most nearby markets on Wednesday, while some deferred contracts held steady, trading about a quarter lower. The national average base hog price was $77.25 Wednesday afternoon, down $1.09 from the previous day. The CME Lean Hog Index stood at $85.56 on September 9, a decrease of 18 cents from the prior session.

USDA’s FOB plant pork cutout price fell $1.89 to $92.91 per cwt in the Wednesday PM report. The belly was the only primal that posted a price increase. USDA estimated finished‑hog slaughter at 483,000 head, bringing the weekly total to 1.453 million head—well above the previous non‑holiday week and 28,883 head higher than the same week last year.

Historical close prices: October 24 – $79.75 (up $1.20); December 24 – $72.30 (up $1.15); February 25 – $75.825 (up $0.775).

On the date of publication, Austin Schroeder did not hold direct or indirect positions in any securities mentioned in this article. All information is provided for informational purposes only. See the Barchart Disclosure Policy for details.

The views expressed are those of the author and do not necessarily reflect those of Nasdaq, Inc.

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