
At the close on Monday, lean hog futures settled $1.67 to $2.50 in the red. USDA’s National Average Base hog price for Monday afternoon was $84.48 following another $1.38 drop. The CME Lean Hog Index was another $0.78 weaker on 9/8 to $97.96.
Pork cutout futures ended the Monday session with triple digit losses as well, closing $1.77 to $2.12 in the red. USDA’s National Pork Carcass Cutout Value was down $3.98 Monday afternoon to $101.12. FI hog slaughter was estimated at 471k head for Monday. That compares to 487k head during the same Monday last year.
Oct 21 Hogs closed at $80.775, down $1.675,
Feb 22 Hogs closed at $76.750, down $2.500
Oct 21 Pork Cutout closed at $96.925, down $1.825,