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 settled down 2.1% to 72.4 cents a pound, extending the downtrend that began in July. Sliding cutout prices have helped pressure hog futures, though USDA midday prices inched higher. Average carcass cutout values rose 14 cents per hundredweight to $91.26.