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Lean hog futures were steady to 62.5 cents higher on Tuesday. Preliminary open interest rose 3,658 contracts, with a big chunk of OI rolling from April to June on the last day of the index fund roll period. The CME Lean Hog Index on March 9 was down 47 cents from the previous day to $67.05. The USDA pork carcass cutout value was 25 cents lower at $74.63 in the Tuesday PM report. The ham led the day, down $3.64, with the picnic and rib following lower. The national base hog weighted average price was 92 cents lower at $59.58 on Tuesday afternoon. The USDA estimated FI hog slaughter at 921,000 head through Tuesday. That is up 19,000 head from the previous week and 53,000 head more than the same week last year.

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