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Lean hog futures fell on Friday, with the December contract down $5.35 for the week. The USDA national base hog price rose to $46.21, while the pork cutout value was $70.65; estimated weekly slaughter reached 2.664 million head, above the same week last year.
Heavy slaughter keeps pork supplies ample, pressuring hog prices, while the late-week rise in the base price and cutout offered limited support. The report points to a weak near-term hog market.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.