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Lean hog futures ended the day with 15 to 90 cent gains. The CME Lean Hog Index for 12/13 was down 22 cents to $64.64. The USDA pork carcass cutout value was up 26 cents at $77.57 in the Friday afternoon report. The butt was lower, with the rib down $5.66. The national base hog price was 13 cents lower at $56.47 this afternoon. The USDA weekly FI hog slaughter is estimated at 2,578,000 head WTD through Saturday. That is up 41,000 head from the previous week and 76,000 head more than the same week last year. The spec funds reduced their lean hog net long by 7,007 contracts in the week ending December 12, leaving it at 61,327 contracts.Feb 18 Hogs closed at $68.525, up $0.900,Apr 18 Hogs closed at $72.800, up $0.550May 18 Hogs closed at $77.850, up $0.250
Live cattle futures finished the Friday session $1.075 to $2.625 higher in the front months on higher cash cattle trade. Feeder cattle futures were up 80 cents to $1.50 in most contracts. The CME feeder cattle index on December 14 was up 9 cents to $154.40. Wholesale boxed beef values were mixed on Friday afternoon. Choice was up 83 cents at $201.87, with select 44 cents lower at $183.25. Estimated weekly FI cattle slaughter is at 630,000 head through Saturday, 6,000 head fewer than the previous week but 24,000 head larger than the same week last year. Cash trade picked up late Friday afternoon with sales of $119-120.50, up $2 from the previous week. Spec traders were shown as reducing their CFTC net long cattle position by 17,262 contracts during the week ending Tuesday. That net position was at 99,748 contracts as of 12/12.Dec 17 Cattle closed at $118.900, up $2.625,Feb 18 Cattle closed at $121.025, up $1.875,Apr 18 Cattle closed at $122.150, up $1.850,Jan 18 Feeder Cattle closed at $147.750, up $1.500Mar 18 Feeder Cattle closed at $145.550, up $1.200Apr 18 Feeder Cattle closed at $145.925, up $1.225