U.S. lean-hog futures ended higher Friday on support from cash prices and continued gains in pork-product values.
CME lean hogs for October ended up 0.45 cents at 87.25 cents per pound.
Strength in pork has been very encouraging recently, Henderson said, as the market continues to rebound after steep August losses.
Friday's gains were limited by the tumble in equities as well as a stronger dollar, which could limit exports. Pork exports for July were up 17.9% from a year ago and Jan-July sales internationally were up 11.6% from the prior-year period, according to USDA data.
Cash hog bids were reported mostly steady with some higher quotes from plants needing additional loads to complete Saturday's slaughter schedules or to add to inventories for next week.
Wide processing margins encouraged pork processors to expand slaughter schedules this week to make up for the downtime on Monday due to the Labor Day holiday. The latest Dow Jones Newswires pork packer margin index was plus $16.74 per head, compared with plus $18.24 the previous day.
The terminal markets traded steady with tops ranging from $52 to $61 per hundred pounds on a live basis.
The USDA's pork carcass composite value, a measure of wholesale prices, on Thursday was up three cents at $94.99 a hundred pounds.
USDA estimated this week's hog slaughter at 2.004 million head, up nearly 4.2% from year-ago.