Lean Hog Futures Mostly Higher

Wednesday trading in hog futures has the board 12 to 75 cents in the black at midday. The USDA National Average Base Hog price increased another $1.57 on Wednesday morning to $97.47. The 9/1 CME Lean Hog Index was $104.74 after another $1.52 drop. 

Pork cutout futures are trading mixed through midday, within $1.07 of UNCH. USDA’s National Pork Carcass Cutout value was $1.45 weaker this morning to $102.88, with bellies down by $10.33. The CME Fresh Bacon Index for 9/2 was $193.29, compared to $225.78 a week earlier. USDA estimated FI hog slaughter for the week through Tuesday at 485,000 head. That came via a 2k head kill on Labor Day and a 483k head slaughter for Tuesday. The same week last year was running at 478k head. 

Oct22 Hogs  are at $91.550, up $0.450,

Dec 22 Hogs  are at $84.125, up $0.625

Oct22 Pork Cutout  is at $102.400, up $0.525,