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Lean hog futures decreased by 12 cents to $1.07 on Friday, following a stronger trading week. The USDA reported a national base hog price averaging $103.96, a decline of $3.68 from the previous day. The CME Lean Hog Index rose by 11 cents on September 10, reaching $106.04.
The USDA’s FOB plant pork cutout report indicated an increase of $1.68, bringing prices to $114.85 per cwt. The estimated federally inspected hog slaughter for Thursday was 487,000 head, totaling 1.947 million for the week, which is 8,342 head higher than the same week last year.
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