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Lean hog futures are experiencing mixed trading, with nearby contracts fluctuating between a 30-cent increase and a 20-cent decrease. The USDA’s national base hog price was not reported due to light trading volume, while the CME Lean Hog Index dropped by 55 cents to $93.63 as of October 22.
The USDA reported a pork carcass cutout value increase of $2.95 to $102.66 per cwt. Estimated federally inspected hog slaughter on Wednesday reached 486,000 head, bringing the weekly total to 1.958 million head, which is 2,000 head lower than the previous week but 10,624 head higher than the same week last year.
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