Hogs Mostly Higher on Wednesday

Lean hog futures are trading mostly higher at midday, with front months up a tick to $1. A few deferred contracts are trending lower. The USDA’s National Average Base Hog price was $130.35 on Wednesday morning, up $11.76 from the previous day’s report. The August 8th CME Lean Hog Index was 32 cents higher to $122.25. 

Front month pork cutout futures are up 87 cents. USDA’s National Pork Carcass Cutout value in the Wednesday AM report was just a nickel lower to $123.80. The rib, butt, and belly were a drag on the value, all reported lower. Federally inspected hog slaughter for Tuesday was estimated at 474,000 head. That took the WTD total to 932,00 head, 52,000 head above last week and 5,000 head  larger than the same week last year. 

Aug 22 Hogs  are at $122.225, up $0.025,

Oct 22 Hogs  are at $100.600, up $1.000

Oct 22 Pork Cutout  is at $110.900, up $0.875,