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Lean hogs futures are mostly 12.5 to 42.5 cents lower on Thursday. 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 47 cents higher at $74.14 in the Thursday morning report. The butt and rib were the only cuts reported lower. The national base hog carcass price was up 41 cents in the AM report at $56.24. Estimated weekly FI hog slaughter was 1,389,000 head through Wednesday, 22,000 head ahead of last week and 216,000 larger than the same week in 2016. The two new plants continue to ramp up production. Third quarter production was decreased 25 million pounds, while fourth quarter was increased 10 million pounds in this morning’s USDA report.

Oct 17 Hogs are at $60.825, down $0.425,

Dec 17 Hogs are at $62.375, down $0.125

Feb 18 Hogs are at $67.425, down $0.350

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