Hogs Under Sell Pressure; CME Lean Hog Index at $86.57

Lean hog futures closed lower on Monday, with contracts ending 27 cents to $1.22 lighter. The CME Lean Hog Index was 19 cents higher at $86.57 on February 4. USDA’s pork carcass cutout value rose $2.06 to $95.83 per cwt; ham was the only primal down, while the butt was up $6.46. Federal hog slaughter for Monday totaled 490,000 head, 46,000 above last week and 859 above the same week last year.