Hogs Extend Losses to Wednesday
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Lean hog futures fell 57 cents to $1.72 at Wednesday's close, with USDA's national base hog price at $94.59, down 86 cents. The CME Lean Hog Index rose 7 cents to $91.10. Pork carcass cutout value decreased by 87 cents to $95.10 per cwt. Estimated hog slaughter was 488,000 head for the day, totaling 1.455 million for the week, down 6,000 from last week but up 17,778 from last year. May, June, and July hog futures closed lower at $91.70, $99.70, and $102.25, respectively.
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