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Lean hog futures experienced mixed results on October 25, with nearby contracts up 25 cents and others down 20 to 60 cents. On September 30, the CME Lean Hog Index fell by 47 cents to $104.26, while USDA’s national base hog price was not reported due to packer submission issues.
The USDA reported a FOB plant pork cutout value of $107.35 per cwt, a decrease of $1. The estimated federally inspected hog slaughter for Thursday was 490,000 head, bringing the week-to-date total to 1.939 million, which is 5,000 head above the previous week but 3,558 head below the same week last year.
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