Lean hogs posted gains of anywhere from a tick to 40 cents on Tuesday. December was the lone exception, a dime lower. USDA’s National Average Base Hog negotiated price was up $3.33 at $86.04 in this afternoon report. The CME Lean Hog Index was another 17 cents higher at $90.73 on April 12. 

USDA’s National Pork Carcass Cutout Value was sharply lower in the Tuesday PM report, down $4.05 at $99.55. The belly led the way lower, with a drop of $22.78, with the ham the only other cut reported lower, down $3.25. USDA estimated Tuesday’s federally inspected hog slaughter at 486,000 head, bringing the weekly total to 968,000 head. That is 29,000 head above last week and a 20,067 head increase from the same week last year.

May 24 Hogs  closed at $94.725, up $0.400,

Jun 24 Hogs  closed at $102.825, up $0.375

Jul 24 Hogs  closed at $104.025, up $0.275,