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USDA’s Tuesday morning FOB plant pork cutout value is $1.37 lower at $118.15 per cwt. The picnic and ham primals were the only ones reported higher, with the butt down $4.28 and belly $4.42 lower. USDA estimated hog slaughter at 476,000 head for Tuesday, with the weekly total estimated at 923,000 head. That was 8,000 head below last week and down 10,618 contracts from the same week last year, says Barchart.com.
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Austin Schroeder at Barchart.com said, “Lean hog futures closed Wednesday with contracts up 25 cents to $1.85 higher. USDA’s national base hog…
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