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Barchart.com said “USDA’s plant pork cutout value was up $1.07 the Tuesday PM report at $96.05 per cwt. The ham primal was up $3.08, with the rib the only primal reported lower, down $1.35. USDA estimated the Tuesday FI hog slaughter at 479,000 head, bring the week to date total to 958,000 head. That is 7,000 head above the previous week and 2,618 head larger than the same week last year.”
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“The hog market’s struggles continued today and prices have fell to a new low for the move. Both July and August are within shouting distance …
“Yesterday’s daily trading volume was once again well above average,” the Hightower Report said. “Open interest dropped more than 7,200 contra…
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