Hogs Falling Back at Thursday’s Midday
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Lean hog futures fell 67 cents to $1.37 at midday, with USDA's national base hog price at $93.43, up 56 cents from the previous day. The CME Lean Hog Index increased by 12 cents to $91.31. Export sales for pork reached a 4-week high of 46,288 MT, while shipments hit a calendar year low of 35,029 MT. The pork carcass cutout value decreased by 38 cents to $96.81 per cwt. Estimated slaughter for the week was 1.461 million head, down 15,000 from last week but up 8,532 from last year.
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