Lean hogs settle the Monday session with contracts closing inside 35 cents of unchanged within the nearbys. The USDA Every day Direct Hog report from the afternoon confirmed negotiated costs down $1.05 to $82.48. The CME Lean Hog Index was $91.90 on August 8, down 90 cents from yesterday. 

This month’s WASDE replace confirmed US pork manufacturing at 24.048 billion lbs in 2024, a 91 million lb drop from final month. 

USDA’s FOB plant pork cutout worth was up $1.61 within the Monday afternoon report at $100.27 per cwt. The picnic and ham primals had been decrease, whereas stomach was the strongest part of the day, up $5.94.  USDA estimated the Monday FI hog slaughter at 483,000 head. That’s up 72,000 head from final week and 17,422 head above the identical week a yr in the past.

Aug 24 Hogs  closed at $90.025, up $0.225,

Oct 24 Hogs  closed at $74.325, up $0.350,

Dec 24 Hogs  closed at $66.075, down $0.225,

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