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Lean Hog Futures Decline: Lean hog futures experienced a decline on Tuesday, with contracts closing $1.30 to $1.65 lower, and a decrease in preliminary open interest indicating long liquidation.
USDA Reports and Slaughter Numbers: The USDA reported a decrease in the national base hog price and the FOB plant pork cutout, while federally inspected hog slaughter for the week was slightly above last week but below the same week last year.
