Lean Hogs

Lean hog futures finished Tuesday with most front contracts $1.05 to $2.325 higher. The CME Lean Hog Index was up $1.35 on January 12 at $71.15. The USDA pork carcass cutout value was down 38 cents at $81.45 in the Tuesday afternoon report. The loin and belly primals were both reported higher. The national base hog weighted average price was up 10 cents to $69.93 on Tuesday afternoon. The USDA FI hog slaughter was estimated at 859,000 through Tuesday, which is 115,000 larger than the same week last year, but 60,000 head lower than last week.




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