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Lean hog futures finished mixed on Tuesday, while USDA reported the national base hog price down $4.88 from the previous day and the pork carcass cutout down $1.29. Tuesday slaughter was estimated at 495,000 head, putting the weekly total above both last week and the same week last year.
Heavier slaughter indicates greater near-term pork supply, while lower cash and cutout prices point to pressure on hog values.
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.