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LIVESTOCK MARKETS: U.S. hog inventory grows

Numbers record high but still near pre-report estimates.

Analysts' pre-report estimates were mostly in line with actual numbers released June 29 in the U.S. Department of Agriculture’s quarterly “Hogs & Pigs” report. The largest surprise of the report was the sows farrowed during the March-to-May period.

The U.S. inventory of all hogs and pigs on June 1, 2017, was 71.7 million head, up 3.4% from June 1, 2016, and up 1% from the March report. This is the second-largest inventory ever and the highest June 1 inventory of

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