**Lean hog futures dropped 92 cents to $1.57 on Wednesday, with open interest showing net new buying of 2,508 contracts. The USDA reported a national base hog price of $94.79, up 82 cents from the previous day, while the CME Lean Hog Index increased by 7 cents to $91.10.**
**The USDA also indicated a pork carcass cutout value of $96.64 per cwt, rising 67 cents, with only ham and belly primals seeing increases. Estimated federally inspected hog slaughter for Tuesday stood at 488,000 head, bringing the weekly total to 967,000, which is up 5,000 head from the prior week and 4,175 head above the same week last year.**
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