Lean hog futures posted a Wednesday rally, with contracts up 55 cents to $2.92 led by the front months. Soon to expire May (on Thursday) was down a tick. USDA’s national base hog price was reported at $95.51 on Wednesday morning, up 32 cents from the day prior. The CME Lean Hog Index was back up 7 cents on May 11 at $90.48.
USDA’s pork carcass cutout value from the Wednesday PM report was back up 51 cents at $96.03 per cwt. The picnic and belly primals were the only reported lower. USDA estimated federally inspected hog slaughter for Wednesday at 484,000 head, with the weekly total at 1.432 million head. That is down 12,000 head from the previous week but 3,084 head above the same week last year.
May 26 Hogs closed at $90.900, down $0.025,
Jun 26 Hogs closed at $100.875, up $2.450
Jul 26 Hogs closed at $105.875, up $2.925,
