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Lean Hog Bulls Note Slight Improvement in Cash

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The lean hog market traded lower on Wednesday. October hogs were down the most on the day with a triple digit drop. August lean hog contracts were the outlier, closing up by a nickel. The CME Lean Hog index for June 29 was just a penny stronger at $45.24. The National Average Base Hog price was $28.66 yesterday, up by another 20 cents. USDA’s National Pork Carcass Cutout Value was 50 cents stronger on Wednesday. USDA estimated WTD hog slaughter at 1.406 million head through Wednesday. That is down by 8,000 head vs. the same point in 2019.

--- provided by Brugler Marketing & Management

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