Hog Market: Mixed Signals in Futures & Slaughter

Lean hog futures saw a modest increase, while the USDAs national base hog price report was not released. The CME Lean Hog Index dropped, indicating a softening hog market. The pork cutout value rose by thirty-five cents, with butt and ham primal cuts being the only ones to decrease. Hog slaughter reached four hundred ninety-five thousand head, a significant increase from last year, suggesting a robust supply. The hog market presents a mixed picture with gains in futures and cutout values, but a decline in the lean hog index and a strong slaughter rate.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.