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Lean hog futures increased by 12 to 65 cents across most nearby contracts on Monday, while USDA’s national base hog price fell to $70.04, down $1.49 from the previous day. The CME Lean Hog Index decreased by 2 cents, settling at $81.81 on December 4.
In export data for the week ending November 6, 30,745 metric tons of pork were sold, with shipments reaching 31,750 metric tons, marking the highest total since June. USDA’s pork carcass cutout value on Monday was reported at $95.51 per cwt, down 88 cents.
USDA estimated the federally inspected hog slaughter on Monday at 494,000 head, which is 12,000 head higher than last week and 8,352 head above the same week last year.
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