Lean hog futures settle down 2.1% as cutouts inch higher
Lean hog futures settled down 2.1% to 72.4 cents a pound, extending the July downtrend. USDA midday reports showed average carcass cutout prices up 14 cents per hundredweight to $91.26.
Lean hog futures settle down 2.1% to 72.4 cents a pound, extending the trend lower that started in July.
Sliding cutout prices have been a factor pressuring hog futures, but prices reported at midday by the USDA inched higher.
Average carcass cutout prices rose 14 cents per hundredweight, to $91.26…