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Lean hog futures were steady to $2.05 higher yesterday. The CME Lean Hog Index was up $1.22 to $75.79 on June 8 as seasonal strength continues. The USDA pork carcass cutout value was at $810.30 on Tuesday afternoon, up 86 cents. The loin was the only primal cut reported lower. The national base carcass price averaged $78.68, up 78 cents from the previous day. The USDA estimated hog slaughter at 898,000 head through Tuesday. That is 5,000 head larger than the previous Monday and 54,000 above the same week last year. The USDA pork production estimate were reduced 55 million pounds for 2018 to 27.715 billion pounds.

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