Hogs Holding Weaker at Midday
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Lean hog futures fell by 45 to 90 cents on Wednesday, with USDA's national base hog price at $93.62, down 73 cents. The CME Lean Hog Index rose 5 cents to $90.55. Pork carcass cutout value decreased by 70 cents to $96.18 per cwt. Estimated hog slaughter was 485,000 head, totaling 939,000 for the week, down 9,000 from last Monday and 25,538 from last year.
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