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Lean hog futures were lower at midday Wednesday, with front-month contracts down 10 to 60 cents. The pork cutout value slipped 23 cents to $69.75, while Tuesday's estimated federally inspected slaughter reached 495,000 head, bringing the week's total above last week and the same week a year earlier.
Lower cutout values alongside higher slaughter point to ample pork supply relative to demand, weighing on hog prices.
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.