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Austin Schroeder at Barchart.com said “Lean hog futures were up $1.50 to $2 on Wednesday. The national average base hog negotiated price was reported at $86.71 on Wednesday afternoon, up $1.31 from the day prior. The CME Lean Hog Index was reported at $84.08 on February 3, up 31 cents from the previous day.” The Hightower Report said “The USDA estimated hog slaughter came in at 489,000 head Wednesday. This brings the total for the week so far to 1,464 million head, up from 1.450 million last week at this time but down from 1.468 million a year ago.”
