Lean Hogs

Lean hog futures were mostly a nickel to 57.5 cents lower on Monday, with a few deferred contracts slightly higher. The CME Lean Hog Index for 9/7 was 43 cents lower than the previous day at $68.94. The USDA pork carcass cutout value was 4 cents lower in the Monday afternoon report, with a weighted average of $82.08. The butt and picnic were the only cuts higher. The national base hog carcass was down $1.35 in the PM report at $57.32. Estimated FI hog slaughter was 450,000 through Monday, 9,000 larger than the same week in 2016.




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