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Lean hog futures were 70 cents to $1.42 lower on Tuesday. The CME Lean Hog Index was up 59 cents from the previous day to $64.65 on May 11 and continues to rise seasonally. The USDA pork carcass cutout value was up 69 cents at $74.24 on Tuesday afternoon. The belly led the way, up $4.26. The national base hog weighted average price was $1.52 higher at $64.37 this afternoon. The USDA estimated FI hog slaughter at 920,000 head through Tuesday. That is 7,000 head more than last week and 39,000 above the same week in 2017.

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