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On Tuesday, October 24, lean hog futures experienced losses between 90 cents to $1.30 across most contracts. The USDA reported a national base hog price of $102.33, an increase of 47 cents from the preceding day, while the CME Lean Hog Index fell 5 cents to $104.78.
The USDA’s FOB plant pork cutout report noted a price increase of 2 cents, reaching $112.24 per cwt. Federally inspected hog slaughter was estimated at 490,000 head for Monday, unchanged from the previous week and 3,842 heads higher than the same week last year.
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