Lean hog futures were steady to 35 cents lower across most front months on Friday as December was $1.65 lower this week. USDA’s national base hog price from Friday afternoon was reported at $90.14, down $1.33 from the day prior. The CME Lean Hog Index was down another 61 cents on October 15 at $96.59.
USDA’s FOB pork carcass cutout from the Friday AM report was up down 53 cents to $102.70 per cwt. The ham and belly were the only primals reported higher, with the latter up $5.16. USDA estimated federally inspected hog slaughter for this week at 2.588 million head. That is up 11,000 head from last week but 17,573 head below the same week last year.
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Dec 25 Hogs closed at $82.375, down $0.225,
Feb 26 Hogs closed at $84.775, down $0.325
Apr 26 Hogs closed at $88.650, down $0.200,
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