Hog Market Thrives on High Slaughter, Strong Exports

Lean hog futures kicked off the week on a high note, with most nearby contracts closing higher. However, the national base hog price and CME Lean Hog Index saw slight dips. Export sales and shipments surged, indicating strong international demand for US pork. The pork carcass cutout value declined slightly, with only rib and loin primal cuts reporting higher values. Hog slaughter rates increased significantly, suggesting a robust supply. Despite minor price fluctuations, the hog market remains active and dynamic.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.