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Lean hog futures dropped by 32 cents to $1.10 on most contracts on Tuesday, October 3, 2023. The CME Lean Hog Index decreased by 82 cents to $102.02. Due to low trading volume, the USDA’s national base hog price was not reported.
The USDA reported a pork cutout increase of $1.51, reaching $108.86 per cwt. In terms of slaughter, USDA estimated a federally inspected hog kill of 491,000 head for Monday, which is 1,000 more than the previous week and 18,745 more than the same week last year.
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