Lean hog futures saw a modest increase on Thursday, with most contracts closing between thirty and sixty-five cents higher. However, the USDAs national base hog price dropped by two dollars and seventy-four cents. The CME Lean Hog Index also continued its decline, falling another forty cents. Pork exports decreased, with thirty-two thousand, seven hundred metric tons reported for the week of October second. The USDAs pork carcass cutout value also saw a significant dip, with only the loin and ham primal cuts showing an increase. The estimated federally inspected hog slaughter for Thursday was four hundred ninety-four thousand head, bringing the total for the week to one million, nine hundred seventy-six thousand head, an increase of thirty thousand, five hundred ninety-eight head compared to the same week last year. Looking ahead, December, February, and April contracts all closed higher.

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