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On Wednesday, lean hog futures experienced losses ranging from 75 cents to $1.50. The USDA reported a national base hog price of $105.65, while the CME Lean Hog Index decreased by 25 cents to $105.92 as of August 29.
The USDA’s FOB plant pork cutout report indicated an increase of $1.10, reaching $115.22 per cwt. Estimated hog slaughter for Tuesday was 489,000 head, which is 9,000 more than the previous Tuesday and an increase of 2,078 head compared to the same period last year.
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