Hogs Look to Tuesday Trade
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Lean hog futures fell by 22 to 95 cents on Monday, with open interest increasing by 1,647 contracts. The USDA reported a national base hog price of $94.88, up $3.36 from the previous day. The CME Lean Hog Index decreased by 2 cents to $90.46. Pork carcass cutout value rose by 80 cents to $98.36 per cwt. Estimated hog slaughter was 460,000 head, down from last week and last year. June, July, and August hog futures closed lower.
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