Lean hog futures retreated on Wednesday, with contracts finishing 5 cents to $1.15 lower. The USDA’s national base hog price slipped 66 cents to $96.92, while the CME Lean Hog Index declined 17 cents to $91.24 as of June 29.
Despite the futures weakness, the pork carcass cutout value gained 22 cents to $95.71 in the Wednesday afternoon report, led by advances in the loin, rib, and belly primals. Federally inspected hog slaughter was estimated at 474,000 head for the day, bringing the week-to-date total to 1.392 million head—16,000 below the previous week and nearly 19,000 below the same period last year.
Jul 26 Hogs closed at $93.350, down $0.975
Aug 26 Hogs closed at $97.050, down $1.150
Oct 26 Hogs closed at $81.500, down $0.500
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