Hogs Successfully Maintain Gains on Monday

Lean Hog Futures Performance: Lean hog futures experienced an increase of 20 to 40 cents in the front months on Monday, despite a decrease in USDA's national base hog price to $105.67.

CME Lean Hog Index Update: The CME Lean Hog Index fell by 48 cents to $107.84 as of August 21, indicating a slight decline in market value.

Pork Cutout Report: The USDA reported a rise in the FOB plant pork cutout price to $114.17 per cwt, with only rib and belly prices decreasing while picnic prices increased significantly.

Hog Slaughter Estimates: Estimated hog slaughter for Monday was 455,000 head, which is lower than both the previous week and the same day last year.