Lean hog futures posted gains of 27 cents to $1.60 across the board on Monday. USDA’s national base hog price was not reported on Monday afternoon to thin trade. The CME Lean Hog Index was back down 23 cents on May 7 at $90.79.
USDA’s pork carcass cutout value from the Monday PM report was up 58 cents at $96.98 per cwt. The loin, ham, and belly primals were reported lower. USDA estimated federally inspected hog slaughter for Monday at 462,000 head. That is down 17,000 head from the previous Monday and 1,064 head above the same Monday last year.
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May 26 Hogs closed at $90.875, unch,,
Jun 26 Hogs closed at $100.225, up $1.600
Jul 26 Hogs closed at $104.650, up $1.450,
