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Lean hog futures saw a Friday close increase of 30 to 85 cents, though October futures declined by $2.49 over the week. As of Friday afternoon, the USDA reported a national base hog price of $98.72, down 20 cents from the previous day, while the CME Lean Hog Index decreased by 56 cents to $103.70 on October 1.
The USDA reported a pork cutout value of $108.30 per cwt, up 95 cents, with only the butt and rib primals showing a decline. Federally inspected hog slaughter for the week was estimated at 2.602 million head, which is 72,000 head more than last week but 4,371 head less than the same week last year.
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