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Lean Hog Futures Mixed as USDA Reports Positive Slaughter Data

Markets are reacting to mixed lean hog futures, with some contracts rising. The USDA's latest report shows a national average price for hogs, contributing to a complex market outlook.

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AI Rating:   6

**Market Overview:** The lean hog futures market has displayed mixed results recently, with front month futures experiencing gains while other contracts fell. The USDA has reported a national average base hog negotiated price of $89.70 and a CME Lean Hog Index of $89.747, which has decreased by 3 cents from the previous day.

**Pork Cutout and Slaughter Rates:** Notably, the USDA’s FOB plant pork cutout price rose significantly, up $2.19 to $99.48 per hundredweight. This increase may influence investor sentiment positively, as all primals have been reported higher, indicating robust demand and possibly better profit margins for producers.

Additionally, USDA estimated a total of 1.954 million hogs were slaughtered last week, which is 136,000 head higher than the previous week and 59,418 head more than the same week last year. This increase in slaughter numbers may suggest a strong supply chain and operational efficiency, further supporting market prices.

Overall, while the lean hog futures are mixed at this time, the upward trends in prices and slaughter numbers could positively impact stock prices for companies involved in hog production and sales.

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