
Hogs Close Mixed on Wednesday

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Lean hog futures experienced mixed trading on Wednesday, with prices fluctuating between a 17-cent increase and a 40-cent decrease. The USDA reported a national base hog price of $91.65, down 97 cents from the previous day. Pork stocks were at 403.503 million lbs, the lowest since 1997. The CME Lean Hog Index fell by 7 cents to $91.71. USDA estimated a hog slaughter of 497,000 head for the day, totaling 1.484 million for the week, which is higher than last week and the same week last year.
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