Lean Hogs

Lean hog futures posted sharp losses on Wednesday, with most contracts $1.775 to $2.575. The CME Lean Hog Index was up another $1.85 to $84.05 on June 15. The USDA pork carcass cutout value was reported at $84.88 in the Wednesday PM report, up 17 cents. The loin, butt, and ham primal cuts were reported lower. The national base carcass price was down 66 cents on Wednesday afternoon, averaging $82.47. The USDA estimated FI hog slaughter at 1.306 million head so far this week. That is down 33,000 head from last week on lower Monday slaughter but up 8,000 head from a year ago.




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