Lean Hog Futures Market Drops, Ham Primal Cut Sees Increase

November 13th marked a significant downturn in the lean hog futures market, with prices plummeting by up to $1.80. This decline mirrors a broader market weakness, as the USDA reported a $3.34 drop in the national base hog price to $78.78. The CME Lean Hog Index also continued its downward trend, falling another $0.34 on November 10th. The USDAs pork carcass cutout value also decreased by $1.24, reaching $96.14 per hundredweight. Despite this, ham was the only primal cut to see an increase in value. Hog slaughter for Wednesday reached 494,000 head, totaling 1.448 million for the week, a slight decrease from last week but a significant increase from the same week last year.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.