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Markets

Q2 hog slaughter higher than expected

USDA adjusted second-quarter estimated commercial hog slaughter to account for higher than expected weekly hog slaughter in April and early May. While typical seasonal patterns are expected to prevail in May and June, slaughter numbers will likely be higher than initially forecast.

Markets

Morning Farm Report: Crop prices drop

Live cattle prices saw a dip on Tuesday, falling 33 cents to hit $151.80. The 27-day average now rests at $153.57. Feeder cattle prices did better, rising 60 cents to hit $219.60. The rise brought the 27-day average price to $216.33.

Lean hog prices fell 55 cents to $83.18 on Tuesday to bring the 27-day average price to $81.85. 

Wheat prices saw a steep drop of 21 cents, falling to $4.94. Corn also fell five cents.

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