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Lean hogs futures ended Thursday with most contracts 2.5 to 95 cents in the red. The CME Lean Hog Index for 10/10 was $1.21 higher than the previous day at $58.32. The USDA pork carcass cutout value was 15 cents higher at $73.82 in the Thursday afternoon report. The ham was UNCH, with the belly $2.47 higher. The national base hog carcass price was up 75 cents in the PM report at $56.58. Estimated weekly FI hog slaughter was 1,852,000 head through Thursday, 24,000 head ahead of last week and 263,000 larger than the same week in 2016. The two new plants continue to ramp up processing. Estimated third quarter US pork production was decreased 25 million pounds, while fourth quarter was increased 10 million pounds in this morning’s USDA report.

Oct 17 Hogs closed at $60.700, down $0.550,

Dec 17 Hogs closed at $61.625, down $0.875

Feb 18 Hogs closed at $66.825, down $0.950

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