Hog Posting Mixed Trade on Wednesday
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Lean hog futures showed mixed trading on Wednesday, with prices fluctuating between a decrease of 40 cents and an increase of 55 cents. The USDA reported a national base hog price of $89.83, down $1.90 from the previous day. The CME Lean Hog Index rose by 14 cents to $90.51. The pork carcass cutout value was $99.08 per cwt, with only butt and rib primals increasing. Estimated hog slaughter for the week reached 988,000 head, up 5,000 from last week and 153,637 from the same week last year.
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